Fold Holdings, Inc.

Fold Holdings, Inc. issued an 8-K filing to retract a previously published press release. The company clarified that it has not entered into a credit facility to support its credit card program, contrary to the earlier announcement. While Fold Holdings continues to seek ways to support its credit card program, it cannot guarantee that it will secure such a facility with any third party.

Fold Holdings, Inc. announced the rollout of its Fold Bitcoin Credit Card to a portion of its waitlist members, with plans for gradual expansion. The company has also started shipping physical cards to current users and will automatically provide them to new approved applicants. The Visa-network card, powered by Stripe Issuing, offers up to 4% bitcoin back on eligible purchases and allows users to pay bills with bitcoin for additional rewards, aiming to integrate bitcoin into everyday financial activities.

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.

Fold Holdings reported a net loss of $(29.17) million for Q1 2026, a significant improvement from $(48.88) million in Q1 2025, with EPS improving to $(0.59) from $(1.92). Revenues decreased to $5.59 million. The company undertook substantial debt restructuring, extinguishing previous convertible notes and issuing a new $13.0 million note, alongside drawing $20.0 million from its credit facility. Total assets declined by nearly 49% to $78.33 million, largely due to a reduction in digital assets held in the investment treasury.

Fold Holdings, Inc. announced its first quarter 2026 financial results, reporting a 21.1% year-over-year decrease in revenue to $5.6 million and a net loss of $(29.2) million. The company experienced a 32% decline in total transaction volume, attributed to lower Bitcoin prices. Despite the challenging market, Fold is progressing with its Bitcoin Rewards Credit Card, now with over 1,000 cards in circulation, and is restructuring its Bitcoin Gift Card fees to boost distribution and customer acquisition.

Fold Holdings, Inc. announced it will host its first quarter ended March 31, 2026, earnings conference call and webcast on Tuesday, May 12, 2026, at 5:00 PM Eastern Time. A press release detailing the results will be issued earlier on the same day. Investors can register for the dial-in or access a live and archived webcast on the company's investor relations website.

Fold Holdings, Inc. announced the launch of its Bitcoin Bonus Program, a new B2B offering from Fold Business. This program enables employers to provide recurring bitcoin bonuses with vesting, without needing to change payroll systems or manage custody. Steak 'n Shake, employing over 10,000 workers, is a flagship partner, utilizing the program to enhance employee retention and compensation.