Fold Holdings reports 2024 net loss of $65.1M on $23.8M revenue; large SAFE charges

Fold Holdings, Inc.

Net loss widened to $65.1M in 2024 from $7.2M in 2023; revenue grew 10% to $23.8M.
Total assets $125.7M, cash $18.3M; accumulated deficit $101.3M as of Dec 31, 2024.
SAFE liability $171.1M; $88.4M non-cash loss from change in fair value of SAFEs.
Convertible note of $11.8M issued; 700 bitcoin in investment treasury ($68.3M at merger close).
Merger with FTAC Emerald closed Feb 14, 2025; stock now trades on Nasdaq as FLD.

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