secwatch.observer — SEC 8-K summary
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Issuer:     Fold Holdings, Inc. (FLD)
CIK:        0001889123
Form:       8-K
Filed at:   2026-05-12T20:05:20+00:00
Accession:  0001193125-26-219369
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fold Q1 revenue $5.6M, down 21% YoY; net loss $29.2M; credit card at 1,000 units
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- Revenue $5.6M (-21.1% YoY); transaction volume $172M (-32% YoY); net loss $29.2M.
- Adjusted EBITDA loss $5.8M; loss per share $0.59; Bitcoin treasury 826 BTC.
- Verified accounts ~85,000 (+2,000); Fold Bitcoin Credit Cards >1,000 in circulation.
- Restructuring gift card fees to reduce friction and expand distribution; Kroger partnership continues.
- CEO cites lower Bitcoin prices pressuring results; but sees long-term value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889123/000119312526219369/0001193125-26-219369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889123/000119312526219369/fld-20260512.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-219369

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