The Block reported that Fold, a Nasdaq-listed Bitcoin financial services company, released its full-year 2025 financial results on March 18, 2026, reporting a net loss of $69.6 million. Operating losses for the year expanded to $27.7 million, significantly up from $5.8 million in the same period last year. Meanwhile, the company’s annual revenue increased 34% year-over-year to $31.8 million, total transaction volume rose 46% to $960 million, and it added 13,000 new customers, bringing its total verified accounts to 84,000. During the period, Fold simplified its balance sheet by repaying two convertible notes and launched Fold For Business for enterprises, along with a Bitcoin-reward credit card supported by Visa and Stripe, offering up to 4% BTC cashback. The company currently holds 1,527 BTC, and its stock price has declined 61% year-to-date.
Fold reports $69.6M net loss in 2025, launches Bitcoin credit card for expansion
TechFlowShare
Summary
Bitcoin news emerged as Fold, a Nasdaq-listed Bitcoin financial services company, disclosed a $69.6 million net loss for 2025. Operating losses increased to $27.7 million from $5.8 million in the prior year. Revenue rose 34% to $31.8 million, while transaction volume reached $960 million. Fold added 13,000 new customers, bringing its total verified accounts to 84,000. The company repaid two convertible bonds and streamlined its balance sheet. It also launched Fold For Business and a Bitcoin rewards credit card supported by Visa and Stripe, offering up to 4% BTC cashback. Fold holds 1,527 BTC, and its stock is down 61% year-to-date. Among altcoins to watch, Fold’s initiatives signal a push toward broader financial inclusion.
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