Core Insights - Fold Holdings, Inc. reported a revenue of $8.2 million for Q2 2025, marking a 59% year-over-year increase, with a net income of $13.4 million [1][5] - The company experienced significant growth in new accounts, which increased by over 233% year-over-year, and transaction volumes rose by 124% year-over-year [1][5] - Fold successfully secured a $250 million equity purchase facility to enhance its Bitcoin holdings, currently holding 1,492 BTC valued at approximately $180 million [1][3][5] Financial Highlights - Revenue for Q2 2025 was $8.2 million, a 59% increase from the previous year [5] - Net income stood at $13.4 million, with an adjusted EBITDA loss of $4.7 million [5][20] - Earnings per share were reported at $0.28, with an adjusted EBITDA loss per share of $0.10 [5][20] Key Operating Metrics - Total transaction volume reached $265 million, reflecting a 124% increase year-over-year [5] - The number of active accounts exceeded 615,000, with an addition of 10,000 new accounts in the quarter [5] - Verified accounts increased to over 80,000, with 3,000 new verified accounts added [5] Strategic & Business Updates - The Fold Credit Card has generated significant consumer interest, with a waitlist exceeding 75,000 applicants [3][6] - The Fold Bitcoin Gift Card was successfully launched and is gaining traction through partnerships with online retailers [3][6] - The company launched Bitcoin Sends, allowing users to send and receive Bitcoin directly with any wallet address [3][11] Treasury and Investment Strategy - Fold's Bitcoin Investment Treasury currently holds 1,492 BTC, valued at approximately $160 million as of June 30, 2025 [5][11] - The establishment of the $250 million equity purchase facility is aimed at expanding Bitcoin holdings and maintaining operational flexibility [3][7]

Core Insights - Fold Holdings, Inc. has launched the Fold Bitcoin Gift Card™ on Giftcards.com, enhancing its presence in the bitcoin financial services market [1][2] - This launch provides millions of consumers with direct access to bitcoin in a familiar format, highlighting Fold's leadership in integrating digital assets into mainstream finance [2][3] - The partnership with Blackhawk Network (BHN) allows Fold to reach over 400,000 retail and digital distribution points globally, facilitating the scaling of bitcoin distribution beyond traditional exchanges [4][6] Company Overview - Fold is the first publicly traded bitcoin financial services company, with a treasury of over 1,492 BTC, focusing on making bitcoin accessible for earning, saving, and spending [6] - The company offers various innovative products, including the Fold App, Fold Credit Card™, Fold Bitcoin Gift Card™, and Fold Debit Card™, aiming to bridge traditional finance with a bitcoin-powered future [6] Industry Context - The addition of the Fold Bitcoin Gift Card to Giftcards.com introduces a new financial utility, indicating a growing demand for bitcoin-based consumer products [3][4] - Giftcards.com is a major player in the digital gift card market, providing a platform that already processes millions in stored value annually, thus enhancing the visibility and accessibility of bitcoin [4][5]

Core Insights - Fold Holdings, Inc. has partnered with Blackhawk Network, Inc. to enhance the distribution of the Fold Bitcoin Gift Card, aiming to increase consumer access to bitcoin through major U.S. digital retailers [1][3] - The Fold Bitcoin Gift Card allows consumers to gift bitcoin in a familiar format, facilitating easier access for those without technical knowledge or a crypto wallet [4][6] - The initiative is positioned to tap into the $300 billion U.S. gift card market, addressing a long-standing challenge in integrating bitcoin into everyday commerce [4][5] Company Overview - Fold is the first publicly traded bitcoin financial services company, with a treasury of over 1,492 BTC, focusing on making bitcoin accessible for individuals and businesses [6] - The company offers various products, including the Fold App, Fold Credit Card™, Fold Bitcoin Gift Card™, and Fold Debit Card™, bridging traditional finance and the bitcoin ecosystem [6] Industry Trends - There is a growing momentum for crypto-based gifting, with 47% of executives anticipating growth in the crypto gift card category in 2025, indicating a shift in consumer preferences towards digital assets [5] - Blackhawk Network, with over 400,000 consumer touchpoints, is enhancing the retail ecosystem for cryptocurrency, providing practical ways for consumers to engage with digital currencies [3][7]

Core Viewpoint - Fold Holdings, Inc. is set to announce its second quarter earnings results for the period ending June 30, 2025, during a conference call scheduled for August 12, 2025, at 5:00 PM Eastern Time [1]. Company Overview - Fold Holdings, Inc. is the first publicly traded bitcoin financial services company, facilitating the earning, saving, and usage of bitcoin for individuals and businesses [4]. - The company holds over 1,492 BTC in its treasury, positioning itself as a leader in integrating bitcoin into everyday financial experiences [4]. - Fold is developing innovative products such as the Fold App and Fold Card to bridge traditional finance with a bitcoin-powered future [4]. Conference Call Details - Participants can join the earnings conference call by logging on or dialing in approximately 5 minutes before the start time [2]. - Those wishing to join by phone must register using the provided Dial-in Registration link, after which they will receive an email with access details including dial-in number, passcode, and PIN [3]. - A live and archived webcast of the conference call will be available on the Investors section of Fold's website [3].

Core Viewpoint - Fold Holdings, Inc. has announced a $250 million equity purchase facility aimed primarily at acquiring additional bitcoin for its corporate treasury [1][2]. Group 1: Equity Purchase Facility - The facility allows the company to issue and sell up to $250 million in newly issued shares of common stock at its discretion, subject to certain conditions including SEC registration [2][3]. - The company is not obligated to utilize the facility and retains control over the timing and amount of any drawdown, with specific restrictions in place [2][3]. Group 2: Company Overview - Fold is the first publicly traded bitcoin financial services company, facilitating the earning, saving, and usage of bitcoin for individuals and businesses [5]. - The company currently holds over 1,490 BTC in its treasury and is focused on integrating bitcoin into everyday financial experiences through various innovative products [5]. Group 3: Placement Agent - Cohen & Company Capital Markets acted as the exclusive placement agent for the establishment of the equity purchase facility [4].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Commission File Number: 001-41168 Fold Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ | Delaware | 86-2170416 | ...

Exhibit 99.1 Fold Holdings, Inc. (NASDAQ: FLD) Announces First Quarter 2025 Results Revenue: $7.1 million, 44% YoY increase Bitcoin Treasury Holdings: 1,490 BTC, ~50% increase from Q4 2024 Launched Bitcoin Gift Card with access to network of thousands of retailers New accounts up over 300% YoY and platform volumes up 67% YoY PHOENIX – May 15, 2025 Fold Holdings, Inc. (NASDAQ: FLD) ("Fold"), the first publicly traded bitcoin financial services company, today announced financial results for the first quarter ...

Core Insights - Fold Holdings, Inc. reported a revenue of $7.1 million for Q1 2025, marking a 44% year-over-year increase [1][5] - The company's Bitcoin treasury holdings increased by approximately 50% to 1,490 BTC, valued at over $150 million [3][5] - Significant growth in new accounts, with a 300% year-over-year increase and total active accounts reaching 600,000 [1][5] Financial Highlights - GAAP net loss for Q1 2025 was $48.9 million, with an adjusted EBITDA loss of $4.2 million [5][16] - Total transaction volume increased by 67% year-over-year, amounting to over $250 million [5][16] - The company added 17,000 new accounts in the quarter, with total verified accounts reaching 76,000 [5][16] Strategic Initiatives - The launch of the Fold Bitcoin Gift Card aims to tap into the significant U.S. gift card market, allowing consumers to acquire Bitcoin easily [3][11] - The Fold Bitcoin Rewards Credit Card has a waitlist of 75,000 applicants, expected to drive future growth [3][6] - Expansion plans for the Custody and Trading business include enhancing platform functionality and geographic reach [3][7] Market Position - Fold is positioned as the first publicly traded Bitcoin financial services company, integrating Bitcoin into everyday financial experiences [9] - The company aims to bridge traditional finance with a Bitcoin-powered future through innovative products [9]

Core Insights - Fold Holdings, Inc. has launched the Fold Bitcoin Gift Card, aiming to simplify the process of acquiring and gifting bitcoin, making it as easy as purchasing a traditional gift card [1][3] - The gift card market is substantial, exceeding $300 billion, with 84% of consumers engaging in gift card transactions annually, indicating a significant opportunity for bitcoin integration [2] - The Bitcoin Gift Card is designed to make bitcoin accessible to millions of Americans through familiar retail channels, enhancing consumer adoption [3] Company Overview - Fold is the first publicly traded bitcoin financial services company, focusing on making bitcoin accessible for individuals and businesses through various innovative products [5] - The company holds over 1,485 BTC in its treasury, positioning itself at the forefront of integrating bitcoin into everyday financial experiences [5] Partnership and Distribution - The Bitcoin Gift Card was developed in collaboration with Totus, which provides access to over 150,000 distribution points across the nation, facilitating broad retail availability [4]

Company Overview - Fold Holdings, Inc. is the first publicly traded bitcoin financial services company, facilitating the earning, saving, and usage of bitcoin for individuals and businesses [5] - The company currently holds over 1,485 BTC in its treasury, positioning itself at the forefront of integrating bitcoin into everyday financial experiences [5] Leadership Appointment - Matthew McManus has been appointed as Chief Operating Officer, effective April 21, 2025 [1] - In his role, McManus will lead Fold's operational strategy, focusing on growth acceleration, performance optimization, and reinforcing the company's leadership in the bitcoin financial sector [2] Executive Background - McManus has extensive experience, previously serving as Chief Product Officer at Unchained Capital, where he was responsible for product strategy and execution [3] - His background includes key roles at major brands such as Twitter, Capital One, PBS, National Geographic, and Marriott, providing him with a strong technical foundation and domain expertise [3] Strategic Vision - The CEO of Fold, Will Reeves, expressed excitement about McManus's appointment, highlighting his operational excellence and innovation experience in fintech as crucial for the company's expansion and consumer empowerment through accessible bitcoin solutions [4]