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 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]

🔥 LATEST: Fold has announced they are teaming up with Stripe and Visa to create a Fold Bitcoin Credit Card.The product will give users up to 3.5% back in BTC on purchases. https://t.co/BjWXY7RpXh ...

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].