Fold Holdings

FLD

Market cap $147M

Interest in gifting bitcoin is high this holiday season, and consumers overwhelmingly prefer options from trusted, regulated U.S. financial brands Interest in gifting bitcoin is high this holiday season, and consumers overwhelmingly prefer options from trusted, regulated U.S. financial brands

Dallas, Texas--(Newsfile Corp. - November 13, 2025) - Fold Holdings Inc. (NASDAQ: FLD): Stonegate Capital Partners initiates their coverage on Fold Holdings Inc. (NASDAQ: FLD). Fold delivered revenue of $7.4M, net income of $0.6M, and adj EBITDA of $(4.2)M as legacy products continued to scale.

Fold Holdings shares have dropped over 50% in under eight months since my initial 'hold' rating, reflecting ongoing skepticism. Though the company grew revenue year over year, account growth seems slow for a company priced at 5x forward sales. With Fold's basic mNAV already falling under 1.0, there is a growing incentive for the company to sell BTC to raise needed capital.

Revenue: $7.4 million, 41% YoY increase Net Income: $0.6 million Transaction Volumes up 43% YoY Bitcoin Investment Treasury Holdings: 1,526 BTC 1

PHOENIX, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), a bitcoin financial services company making it easy for individuals and businesses to earn, save, and spend bitcoin through everyday financial tools, today announced a landmark partnership with Steak 'n Shake that brings bitcoin directly to dining, rewarding customers with $5 in bitcoin when they order the Steak ‘n Shake Bitcoin Meal or Bitcoin Steakburger.

PHOENIX, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”), a bitcoin financial services company making it easy for individuals and businesses to earn, save, and spend bitcoin through everyday financial tools, today announced that it will hold its earnings conference call and webcast for the third quarter ended September 30, 2025 on Monday, November 10, 2025 at 5:00 PM Eastern Time. A press release detailing these results will be issued prior to the call on the same day.

PHOENIX, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), a bitcoin financial services company making it easy for individuals and businesses to earn, save, and spend bitcoin through everyday financial tools, today announced that the Fold Bitcoin Gift Card™ is now available on Giftcards.com , the largest digital gift card retailer in the U.S. and a key platform within Blackhawk Network's (BHN's) expansive payments ecosystem.

PHOENIX, July 29, 2025 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”), the first publicly traded bitcoin financial services company, today announced that it will hold its earnings conference call and webcast for the second quarter ended June 30, 2025 on Tuesday, August 12, 2025 at 5:00 PM Eastern Time. A press release detailing these results will be issued prior to the call on the same day.

PHOENIX, June 17, 2025 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), the first publicly traded bitcoin financial services company, today announced that it has entered into an agreement for a $250 million equity purchase facility (“Facility”), with the net proceeds primarily intended to be used to acquire additional bitcoin for Fold's corporate treasury.

Revenue: $7.1 million, 44% YoY increase Bitcoin Treasury Holdings: 1,490 BTC , ~50% increase from Q4 2024 Launched Bitcoin Gift Card with access to network of thousands of retailers New accounts up over 300% YoY and platform volumes up 67% YoY