---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-110668"
form_type: "8-K"
ticker: "FLD"
cik: "0001889123"
company_name: "Fold Holdings, Inc."
filed_at: "2026-03-17T23:59:59+00:00"
generated_at: "2026-05-15T10:58:03.039279+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fold reports FY2025 revenue $31.8M (+34% YoY), launches Bitcoin credit card; loss per share $1.65

## Summary
- Full-year 2025 revenue $31.8M (+34% YoY); GAAP operating loss $27.7M; adjusted EBITDA loss $17.2M; loss per share $1.65.
- Q4 2025 revenue $9.1M (+8% YoY); transaction volume $215M (-3% YoY); verified accounts ~84,000.
- Bitcoin treasury fell from 1,527 BTC at Dec 31, 2025 to 827 BTC as of Mar 17, 2026.
- Launched Fold Bitcoin Rewards Credit Card (limited rollout, up to 4% BTC rewards) and Fold for Business enterprise service.
- Retired all outstanding convertible notes, strengthening balance sheet and removing capital structure overhang.

## SEC filing metadata
- accession: 0001193125-26-110668
- form_type: 8-K
- ticker: FLD
- cik: 0001889123
- company_name: Fold Holdings, Inc.
- filed_at: 2026-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1889123/000119312526110668/0001193125-26-110668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889123/000119312526110668/fld-20260317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-110668
- JSON: https://secwatch.observer/filing/0001193125-26-110668.json
- Plain text: https://secwatch.observer/filing/0001193125-26-110668.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.