Fold announced a net loss of $69.6 million for 2025 and plans to expand its user base through a Bitcoin credit card.

PANews reported on March 19th that, according to The Block, Nasdaq-listed Bitcoin infrastructure company Fold released its 2025 financial report, projecting a net loss of $69.6 million for the year, with operating losses widening to $27.7 million (compared to $5.8 million in the previous year). Revenue increased by 34% year-over-year to $31.8 million. Adjusted EBITDA loss was $17.2 million, or $0.41 per share. The company added 13,000 new customers, bringing the total number of verified accounts to 84,000, and total transaction volume increased by 46% to $960 million. To simplify its balance sheet, the company paid over $9.6 million to settle two outstanding convertible bonds. Fold recently launched the Fold For Business service and a Bitcoin rewards credit card for businesses, offering up to 4% BTC cashback. The CEO stated that the credit card will significantly expand market reach. Fold currently holds 1,527 Bitcoins, and as of press time, its stock price has fallen 61% year-to-date.