Fold reports $69.6 million net loss for 2025 as it looks to expand customer base with bitcoin credit card
The Block
Fold reported a $69.6 million net loss for 2025 while expanding its customer base and launching a Bitcoin rewards credit card.Summary
Nasdaq-listed Fold (FLD) announced a net loss of $69.6 million for the full year 2025, with operating losses increasing significantly to $27.7 million, despite a 34% jump in annual revenue to $31.8 million. CEO Will Reeves highlighted strong execution and platform expansion, noting the company added 13,000 new customers, reaching 84,000 verified accounts. Fold also extinguished convertible bonds to simplify its balance sheet. The company is focusing on growth areas, particularly its new Visa and Stripe-powered Fold Bitcoin Rewards Credit Card, which offers up to 4% BTC rewards and is expected to expand its addressable market.
(Source：The Block)