Fold, a Bitcoin financial services company, reported an 8% rise in Q4 revenue to $9 million, adding roughly 2,000 new customers during the period. The firm recently launched a Fold Bitcoin Rewards Credit Card, a product powered by Visa and Stripe that offers cashback and Bitcoin rewards.
CEO Will Reeves said during the Q4 and full-year 2025 earnings call that Bitcoin rewards could eventually surpass airline miles as the top consumer reward in the US. He added that scaling to millions of cardholders requires stronger risk and fraud controls first.
Despite the revenue growth, Fold recorded a 3% year-on-year decline in transaction volume to $215 million and an operating loss of $6 million, contributing to a full-year net loss of $69.6 million. The company’s Bitcoin holdings also fell from 1,527 BTC to 827 BTC as of March 17, while its shares have dropped 59% in 2026.
Originally reported by CoinTelegraph.
