Highest-materiality recent filing
Fold Q1 revenue $5.6M, down 21% YoY; net loss $29.2M; credit card at 1,000 units
Revenue $5.6M (-21.1% YoY); transaction volume $172M (-32% YoY); net loss $29.2M.
Fold reports FY2025 revenue $31.8M (+34% YoY), launches Bitcoin credit card; loss per share $1.65
Full-year 2025 revenue $31.8M (+34% YoY); GAAP operating loss $27.7M; adjusted EBITDA loss $17.2M; loss per share $1.65.
Fold eliminates $66.3M in convertible debt, removes 8-10M dilutive shares, releases 521 bitcoin
Extinguished two convertible notes totaling $66.3M principal; no convertible debt remains. Removes 8-10M potential dilutive shares.
Eliminating Fold+ subscriptions; prorated refunds to existing members later Q1; all customers get upgraded experience.
Fold Q3 revenue $7.4M (+41% YoY), net income $0.6M, bitcoin treasury 1,526 BTC
Revenue $7.4M (+41% YoY), net income $0.6M, EPS $0.01; adjusted EBITDA loss $4.2M.
Fold Holdings enters $45M bitcoin-backed credit facility with Two Prime; 6.5% interest
Facility provides up to $45M revolving loans; first advance matures Oct 1, 2026.
Fold Holdings secures up to $45M bitcoin-backed revolving credit facility at 6.5% from Two Prime
Revolving facility with aggregate principal up to $45M; first $45M advance matures Oct 1, 2026.
Fold Q2 revenue $8.2M (+59% YoY), net income $13.4M; Bitcoin treasury 1,492 BTC
Revenue $8.2M, +59% YoY; Net income $13.4M; EPS $0.28; Adjusted EBITDA loss $4.7M.
Fold Holdings enters $250M equity purchase facility to expand bitcoin treasury
Up to $250M equity purchase facility; company has right but not obligation to issue and sell shares at its discretion.
Fold Q1 revenue $7.1M (+44% YoY); net loss $48.9M; BTC holdings up 50% to 1,490
Revenue of $7.1M, up 44% YoY; GAAP net loss $(48.9)M, or $(1.92) per share.
Fold Holdings names Matthew McManus COO, effective Apr 21; previously CPO at Unchained Capital
Matthew McManus appointed COO of Fold Holdings, effective April 21, 2025; previously CPO at Unchained Capital.
Fold Holdings files audited 2024 financials: net loss $65.1M, revenue $23.8M
Net loss of $65.1M for 2024 vs $7.2M in 2023; accumulated deficit reaches $101.3M.
Fold Holdings reports 2024 net loss of $65.1M on $23.8M revenue; large SAFE charges
Net loss widened to $65.1M in 2024 from $7.2M in 2023; revenue grew 10% to $23.8M.
Fold issues $46.3M convertible note at $12.50/share, secured by 500 bitcoin
Convertible note of $46.3M to SATS Credit Fund LP, conversion price $12.50, maturity March 2030.
Fold adds 475 bitcoin to treasury via convertible note at $12.50 conversion price
Added 475 BTC, a nearly 50% increase; total holdings now over 1,485 BTC.
Fold Holdings completes de-SPAC merger; Nasdaq listing expected Feb 19
Business combination closed Feb 14, 2025; company renamed Fold Holdings, Inc.
FTAC Emerald shareholders approve business combination with Fold, closing expected Feb 14
Shareholders voted 11,805,377 FOR and 7,786 AGAINST to adopt the Merger Agreement with Fold, Inc.
S-4 registration statement declared effective by SEC on January 23, 2025; proxy/prospectus mailed to stockholders.
FTAC Emerald Nasdaq delisting confirmed; stockholder vote extends SPAC deadline to Dec 2025
Stockholders approved extension of business combination deadline to December 20, 2025.
FTAC Emerald (EMLD) will acquire Fold, Inc. via merger; consideration is all FTAC Class A common stock.
Fold to go public via merger with SPAC FTAC Emerald at $365M pre-money valuation
Pre-money equity valuation of $365M; Fold stockholders expected to own ~71% of combined company.
On May 5, 2025, Fold Holdings, Inc. (“Fold” or the “Company”) announced the appointment of Matthew McManus as the Company’s Chief Operating Officer, effective as of April 21, 2025.
Max materiality 0.85 · Median 0.60 · Most common event other_material