Fold Holdings files audited 2024 financials: net loss $65.1M, revenue $23.8M

Fold Holdings, Inc.

Net loss of $65.1M for 2024 vs $7.2M in 2023; accumulated deficit reaches $101.3M.
Revenue rose to $23.8M from $21.5M YoY, driven by bitcoin rewards and card services.
Total assets surged to $125.7M from $8.7M, primarily from $93.6M in bitcoin investment treasury.
SAFE liability of $171.1M converted to equity upon merger close on Feb 14, 2025 (value $68.3M bitcoin).
Convertible note of $20M due in three years; cash and equivalents of $18.3M as of Dec 31, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.