Core Insights - Fold Holdings, Inc. reported a revenue of $7.4 million for Q3 2025, reflecting a 41% year-over-year increase, with a net income of $0.6 million [1][6] - The company achieved a total transaction volume of $235 million, marking a 43% year-over-year increase [6] - Fold's Bitcoin Investment Treasury Holdings stood at 1,526 BTC, valued at approximately $154 million as of November 6, 2025 [6][11] Financial Performance - Revenue for Q3 2025 was $7.4 million, a 41% increase compared to Q3 2024 [1][18] - Net income for the quarter was $0.6 million, with an adjusted EBITDA loss of $4.2 million [6][24] - Earnings per share were reported at $0.01, while adjusted EBITDA loss per share was ($0.09) [6][24] Operational Highlights - The company added over 7,500 new active accounts in the quarter, bringing the total to over 625,000 [6] - Fold's partnership with Visa and Stripe for the Fold Bitcoin Rewards Credit Card™ is expected to enhance its product offerings [3] - The Fold Bitcoin Gift Card™ has gained traction, with physical cards now available at Kroger and a partnership with Steak 'n Shake [4] Strategic Developments - Fold secured a $45 million revolving credit facility from Two Prime Lending, enhancing financial liquidity for growth initiatives [5] - The company maintains a disciplined approach to its Bitcoin treasury strategy, having not sold any Bitcoin since going public [7] - Fold's ecosystem is expanding with new products aimed at integrating Bitcoin into everyday financial experiences [7][11] Market Positioning - Fold is positioned as the first publicly traded Bitcoin financial services company, aiming to bridge traditional finance with Bitcoin [11] - The upcoming Fold Bitcoin Rewards Credit Card is anticipated to attract a mass market customer base, with over 75,000 people on the waitlist [12] - The company is focused on making Bitcoin accessible and rewarding for consumers through innovative financial products [7][11]

Financial Performance - Revenue for Q3 2025 reached $7.4 million, representing a 41% year-over-year increase[1] - Net income for the quarter was $0.6 million, with an adjusted EBITDA loss of $4.2 million[3] - Total transaction volume increased to $235 million, up 43% year-over-year[3] - Revenues for the three months ended September 30, 2025, increased to $7,398,939, up 41.2% from $5,241,889 in the same period of 2024[18] - The net loss for the nine months ended September 30, 2025, was $34,899,390, an improvement from a net loss of $65,575,171 in the same period of 2024[19] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(13,101,239), compared to $(6,228,521) in 2024, indicating a decline in core operating performance[23] - Total operating loss for the three months ended September 30, 2025, was $(5,940,318), compared to $(4,169,159) in the same period of 2024[18] - Adjusted EBITDA loss for the three months ended September 30, 2025, was $(4,201,998), compared to $(4,206,774) for the same period in 2024[24] - Adjusted EBITDA loss for the nine months ended September 30, 2025, was $(13,101,239), significantly higher than $(6,228,521) for the same period in 2024[24] - Basic and diluted net loss per share attributable to common stockholders for the three months ended September 30, 2025, was $(0.09), compared to $(0.72) for the same period in 2024[24] - Basic and diluted net loss per share for the nine months ended September 30, 2025, was $(0.33), compared to $(1.07) for the same period in 2024[24] Customer Growth and Engagement - The company added 7,500 new active accounts in the quarter, bringing the total to over 625,000[3] - The upcoming Fold Bitcoin Rewards Credit Card will offer rewards rates up to 3.5% and has over 75,000 people on the waitlist[8] - The Fold Bitcoin Gift Card is now available in approximately 2,000 Kroger locations, expanding customer acquisition channels[5] Financial Position - Total assets increased to $190.97 million as of September 30, 2025, compared to $125.66 million at the end of 2024[17] - Stockholders' equity improved to $94.69 million, up from a deficit of $67.81 million at the end of 2024[17] - Cash and cash equivalents at the end of the period were $6,663,463, down from $18,330,359 at the beginning of the period, reflecting a net decrease of $11,666,896[19] Debt and Expenses - A $45 million revolving credit facility was secured to enhance financial liquidity and support growth initiatives[6] - Operating expenses for the nine months ended September 30, 2025, totaled $44,428,907, a significant increase of 106.5% compared to $21,524,591 in 2024[18] - The company incurred interest expenses of $4,425,703 for the nine months ended September 30, 2025, compared to no interest expenses in the same period of 2024[23] Digital Assets - Fold's Bitcoin Investment Treasury holds 1,526 BTC, valued at approximately $154 million as of November 6, 2025[7] - The company reported a gain on digital assets - investment treasury of $31,203,938 for the nine months ended September 30, 2025, compared to a loss of $377,039 in 2024[19] - The company reported a loss on customer rewards liability of $1,477,444 for the nine months ended September 30, 2025, compared to $2,344,103 in 2024, indicating a reduction in liabilities[19] Shareholder Information - The weighted-average shares used to compute net income (loss) per share for the three months ended September 30, 2025, were 46,911,561, a significant increase from 5,836,882 in 2024[18] - Weighted-average shares used to compute basic and diluted net loss per share for the three months ended September 30, 2025, was 46,911,561, compared to 5,836,882 for the same period in 2024[24]

Core Insights - Fold Holdings, Inc. has announced a partnership with Steak 'n Shake to offer bitcoin rewards, marking a significant step in integrating bitcoin into everyday consumer experiences [1][2][4] - The promotion allows customers to earn $5 in bitcoin when purchasing specific meals, highlighting the shift of bitcoin from a niche investment to mainstream culture [2][4] Company Overview - Fold is a bitcoin financial services company that facilitates earning, saving, and spending bitcoin through various financial tools, and is the first publicly traded company in this sector [1][6] - The company holds nearly 1,500 BTC in its treasury and aims to bridge traditional finance with a bitcoin-powered future through innovative products like the Fold App and Fold Credit Card™ [6] Partnership Details - The limited-time offer is available at approximately 400 Steak 'n Shake locations across the U.S., allowing customers to earn bitcoin through meal purchases [2][3] - Customers can redeem their bitcoin reward by uploading their receipt on a dedicated website, emphasizing the ease of access to bitcoin for new users [3] Industry Impact - This initiative represents a milestone in the adoption of bitcoin, as it is the first instance of a U.S. restaurant chain offering meals bundled with bitcoin rewards [2][4] - The campaign is part of a broader strategy by Fold to establish more mainstream partnerships aimed at making bitcoin a regular part of consumer life [4]

Core Viewpoint - Fold Holdings, Inc. is set to hold its third-quarter earnings conference call on November 10, 2025, at 5:00 PM Eastern Time, with a press release detailing the results to be issued prior to the call [1]. Group 1: Company Overview - Fold Holdings, Inc. is the first publicly traded bitcoin financial services company, facilitating the earning, saving, and spending of bitcoin for individuals and businesses [4]. - The company holds nearly 1,500 BTC in its treasury, positioning itself at the forefront of integrating bitcoin into everyday financial experiences [4]. - Fold offers innovative products such as the Fold App, Fold Credit Card™, Fold Bitcoin Gift Card™, and Fold Debit Card™, bridging traditional finance with a bitcoin-powered future [4]. Group 2: Conference Call Details - Participants can join the earnings conference call by logging on or dialing in approximately 5 minutes before the start time [2]. - To join by phone, participants 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 Insights - The article discusses the introduction of Bitcoin gift cards by Fold, a fintech company, aiming to transform traditional gift cards into investment opportunities [2][3]. Company Overview - Fold, a fintech company, has launched the first-ever Bitcoin gift card in partnership with Blackhawk Network, a major gift card distributor in the U.S. [2] - The company was founded to make Bitcoin more accessible to everyday consumers, particularly millennials struggling to save [3]. Product Details - The Bitcoin gift card operates like a traditional gift card but allows recipients to redeem it for Bitcoin through the Fold app, which instantly credits their account [4]. - The process simplifies gifting crypto by eliminating the need for recipients to have a Bitcoin wallet or prior knowledge of Bitcoin [5]. User Benefits - Once redeemed, recipients can save, spend, or cash out their Bitcoin using the Fold app, providing flexibility in how they utilize their gift [6]. - Customers have earned over $90 million in Bitcoin rewards since Fold's inception, significantly surpassing traditional cash-back rewards [3].

Core Insights - Fold Holdings, Inc. is recognized as a leading player in integrating Bitcoin into everyday transactions through its Fold App and Fold Card, aiming for mainstream crypto adoption with a significant public Bitcoin treasury [1] - The company announced a partnership with Stripe and Visa to launch a Bitcoin-only rewards credit card, offering up to 3.5% back in Bitcoin on purchases, which simplifies the reward system for users [2] - Following the announcement of the credit card, FLD stock experienced a surge of up to 22.39%, indicating strong investor interest in crypto-linked financial products [3] - The Fold Bitcoin Credit Card is set to launch in late 2025, with a waitlist already open, and the company has processed over $3.1 billion in transactions while distributing more than $83 million in Bitcoin rewards [4]

Core Insights - Fold is launching a Visa credit card powered by Stripe Issuing that offers bitcoin rewards on every purchase, leading to a significant increase in its share price during pre-market trading [1] - The card provides up to 3.5% back on spending, with 2% unlimited instantly and an additional 1.5% for customers who pay balances from a Fold checking account with qualifying activity [2] - Fold has processed $3.1 billion in transaction volume and distributed $83 million in bitcoin rewards to date, with over 500,000 active users [3] Company Developments - Fold's new credit card is part of its consumer suite, which includes banking, custody, exchange, and debit services [3] - The company has transitioned from a bitcoin gift card business to a crypto rewards model since 2019 [3] Industry Trends - Stripe has expanded its crypto initiatives, including partnerships that allow Shopify merchants to accept USDC, indicating a growing trend in fintech bridging traditional payments and blockchain [4] - Visa reported an estimated $1 billion in annualized stablecoin settlement volume, highlighting the increasing competition in payments-linked digital asset rewards [5] Market Reaction - Fold shares initially rose over 23% in pre-market trading but fell about 10% to $3.46 by mid-afternoon, reflecting challenges in maintaining momentum in the U.S. fintech sector [6]

Core Insights - Fold Holdings, Inc. is set to launch its Bitcoin Rewards Credit Card on September 23, with Stripe providing backend infrastructure and Visa as the issuing network [1][3] - The shares of Fold Holdings have dropped over 14% following the announcement of the credit card [1][6] Product Details - The Bitcoin Rewards Credit Card allows users to earn Bitcoin on every purchase, offering up to 3.5% back in Bitcoin, with an unlimited 2% earned instantly and an additional 1.5% by using the Fold Checking Account [2] - The card leverages Stripe Issuing's platform and Visa's global network to ensure reliability and accessibility [3] Strategic Partnerships - The partnership between Fold, Stripe, and Visa is described as a blueprint for innovative financial products, minimizing the complexities of program management for companies [3] - Visa emphasizes the security and scale of its network, allowing consumers to earn Bitcoin wherever Visa is accepted [4] Company Performance - Fold claims to have over $3.1 billion in transaction volume and has distributed more than $83 million in Bitcoin rewards, holding nearly 1,500 BTC in its treasury [5] - Following the credit card announcement, Fold's share price fell from $3.88 to $3.31, reflecting bearish sentiment in the cryptocurrency market on that day [6]

Core Insights - Fold Holdings has announced that its delayed Bitcoin rewards credit card will operate on the Visa network through a partnership with Stripe, allowing users to earn Bitcoin on everyday purchases [1][3] - The Fold Bitcoin Credit Card offers up to 3.5% back on all purchases, with an unlimited 2% back instantly and up to 1.5% additional rewards when using the Fold Checking Account [2] - Despite initial excitement leading to a stock price increase, Fold's stock (FLD) experienced a significant decline of over 14% on the day, dropping from $4.69 to $3.32 [2][5] Company Performance - Fold's stock opened at $4.69 on Tuesday, following a previous close of $3.88, but fell to $3.32, marking a decline of more than 14% [2] - The stock had surged earlier in the week, nearly doubling in price to above $7 amid speculation regarding a notable investor joining the company [4] - Despite the recent drop, FLD remains up about 8% over the last week but is down approximately 12% for the month [5] Market Context - Stripe has processed over $3.1 billion in transaction volume and distributed more than $83 million in Bitcoin rewards, holding 1,485 BTC valued at around $167 million [4] - The overall sentiment in the cryptocurrency market appears bearish, with a majority of predictors expecting Bitcoin to fall to $105,000 sooner than it will rise to $125,000 [6]

Core Viewpoint - Fold is launching a bitcoin-only rewards credit card in partnership with Stripe and Visa, aimed at simplifying the process of earning bitcoin on everyday purchases [1][2]. Group 1: Product Features - The Fold Bitcoin Credit Card allows cardholders to earn 2% back in bitcoin instantly, with an additional 1.5% boost available when purchases are paid off via a Fold Checking Account with qualified activity [2]. - Users can earn up to 10% back with select retail partners such as Amazon, Target, Home Depot, Starbucks, and Uber [2]. - The card does not require managing categories, staking tokens, or maintaining an exchange account, making it user-friendly for earning bitcoin automatically with every purchase [3]. Group 2: Strategic Partnerships - The credit card will operate on Visa's network and utilize Stripe Issuing's infrastructure, marking a significant milestone for Stripe's consumer card-issuing product [1][3]. - Visa's crypto lead emphasized that the collaboration provides consumers with a safe and simple way to earn bitcoin while shopping [3]. Group 3: Company Background - Fold has previously offered a bitcoin debit card, exchange, and gift card program, processing over $3.1 billion in transactions and distributing more than $83 million in bitcoin rewards to date [3]. - The credit card is part of Fold's strategy to build a comprehensive suite of bitcoin-native financial services, with the company holding nearly 1,500 bitcoin in its treasury [4].