Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. For decades, shoppers have been chasing airline miles and cashback points, but a new type of reward may be gaining traction. Instead of loyalty points that can expire or lose value, consumers can now earn Bitcoin rewards on purchases at retailers like Amazon, Target, and Apple. The Decline of Traditional Loyalty Points Frequent flyer miles and retail reward points have long been the go-to for shoppers loo ...

Financial Data and Key Metrics Changes - Total year-to-date revenues through September 30th were $22.7 million, reflecting an approximately 48% increase over the first nine months of 2024 [18] - Total year-to-date transaction volumes through September 30th were $753 million, representing an approximately 74% increase versus the prior year period [18] - Q3 net revenues were $7.4 million, up 41% year over year, with transaction volumes of $235 million, up 43% over the same quarter [7][18] - GAAP net income for Q3 was just under $1 million, compared to a net loss of $62.3 million in Q3 2024 [19] Business Line Data and Key Metrics Changes - The company reported strong growth in its legacy businesses, with significant contributions expected from the upcoming Bitcoin Gift Card and Credit Card [18] - The Bitcoin Gift Card is now available in 2,000 Kroger locations, with high customer engagement anticipated during the holiday season [11][29] - The upcoming Bitcoin Rewards Credit Card is expected to return up to 3.5% back on every purchase, with potential for up to 10% back with top brands [8][9] Market Data and Key Metrics Changes - The company noted that 2025 has been a seminal year for Bitcoin, with increasing institutional interest and regulatory improvements [5] - Changing demographics in the U.S. are expected to lead to nearly $80 trillion moving into the hands of millennials, who are anticipated to be larger buyers of Bitcoin than previous generations [7] Company Strategy and Development Direction - The company aims to position itself as a leading provider of financial services centered around Bitcoin, leveraging partnerships with Visa and Stripe for its credit card [8] - The strategy includes expanding the distribution of the Bitcoin Gift Card and exploring additional financial service lines such as loans and retirement plans [14] - The company is focused on creating a synergistic user experience across its product offerings, including banking and exchange products [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming holiday season, which is expected to drive significant transaction volumes and revenues [65] - The company is closely monitoring regulatory changes and industry opportunities to enhance its product offerings [14] - Management highlighted the importance of the credit card as a transformative product for user acquisition and revenue generation [57] Other Important Information - The company currently holds 1,526 Bitcoin valued at approximately $154 million, representing a 53% increase in holdings since going public [14] - The company has a healthy balance sheet with cash and cash equivalents of $6.7 million and positive working capital of $6.1 million as of September 30th [22] Q&A Session Summary Question: Can you share early data and interest regarding the Bitcoin Gift Card? - Management noted high excitement and healthy volume from the rollout, with significant sales expected during the holiday season [29][30] Question: What does the expansion of the Bitcoin Gift Card look like? - The company is exploring various retail partnerships and promotional opportunities, including loyalty programs and employer incentives [33][34] Question: How is the demand for the credit card trending? - The waitlist for the credit card has surpassed 80,000, indicating strong demand and interest from both existing and new customers [39][40] Question: How will customer acquisition and marketing spend change with new products? - The gift card is becoming a successful customer acquisition tool, with negative acquisition costs, and the company plans to activate paid marketing channels as new products launch [44][45] Question: Can you elaborate on the capital raise and strategic opportunities? - The company is utilizing a revolving credit facility to access the value of its Bitcoin holdings without selling them, aligning with long-term growth strategies [53] Question: What is the strategy to convert active accounts into verified users? - The upcoming credit card is expected to be key in converting existing users into deeper product lines, leveraging the current user base [80]

Q3`25 Review Nov 10, 2025 Q3'25 Fold Holdings, Inc. Company highlights Disclaimer Forward looking statements This Presentation contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. For example, statements regarding anticipated growth in the industry in which the Company operates and anticipated growth in demand for the Company's products and servic ...

🚨JUST IN: COINBASE AND AMERICAN EXPRESS TO LAUNCH A NEW BITCOIN REWARDS CREDIT CARD IN THE U.S. THIS FALL ...

Group 1 - Brian Armstrong, CEO of Coinbase, predicts Bitcoin price will reach $1 million within the next 5 years, driven by current industry outlook and sentiments [1][2] - Armstrong emphasizes the importance of robust regulatory frameworks in the US, such as the GENIUS Act, which could significantly boost Bitcoin prices [3] - Institutional adoption of Bitcoin is increasing, with firms like Strategy and Metaplanet accumulating substantial amounts of Bitcoin [4] Group 2 - Nasdaq-listed Fold Holdings is set to launch a Bitcoin Rewards Credit Card in collaboration with Stripe and Visa, indicating growing mainstream adoption of Bitcoin [5] - Armstrong points out Bitcoin's fixed maximum supply of 21 million, which contributes to scarcity and is expected to trigger a price rally [6] - Other prominent figures in the crypto space, including Jack Dorsey and Cathie Wood, have expressed similar bullish sentiments regarding Bitcoin's price potential [7]

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]