Fold Secures $150M Credit Facility to Expand Bitcoin Credit Card

Fold Holdings, Inc. secured a four-year, senior secured revolving credit facility with Encina Lender Finance, LLC, featuring an uncommitted accordion for a maximum size of $150 million. This facility provides scalable growth capital, secured by consumer credit card receivables, to support the continued origination volume of the Fold Bitcoin Credit Card. The company expects this funding to significantly extend the card program's runway and enable broad distribution without equity dilution, supporting the ongoing rollout to waitlist members. The Fold Bitcoin Credit Card offers up to 4% bitcoin back on eligible purchases and integrates seamlessly with the Fold App.