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]
Fold Holdings, Inc. (NASDAQ: FLD) Announces Second Quarter 2025 Results