secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001193125-26-110668
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000119312526110668/0001193125-26-110668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000119312526110668/fld-20260317.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-110668

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer