Doanh thu quý 4 của Fold tăng, CEO dự đoán phần thưởng Bitcoin sẽ vượt qua chương trình tích lũy dặm bay

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Bitcoin financial services firm Fold reported an 8% surge in revenue in Q4 to $9 million as it gained another 2,000 customers and rolled out more products aimed at integrating Bitcoin reward schemes into consumer spending.

The results come just weeks after it released a Fold Bitcoin Rewards Credit Card, a Visa and Stripe-powered product, offering users cashback and rewards.

During Fold’s Q4 and 2025 full-year earnings call on Tuesday, CEO Will Reeves said they believe that “Bitcoin rewards will overtake the airline miles as the preferred consumer reward in the US.”

“That means that these card programs and our card program needs to scale to millions of cardholders,” Reeves said, adding that better risk and fraud controls must be implemented before it can “really open the floodgates” for mass adoption.

Coinbase, Gemini, Swan Bitcoin and River Financial are among the other crypto platforms offering Bitcoin (BTC) credit card rewards in the US.

Despite the optimism, Fold recorded a 3% year-on-year fall in transaction volume to $215 million and an operating loss of $6 million, contributing to a full-year net loss of $69.6 million for 2025, the company reported in its latest financial statement.

However, Reeves said Fold still hit its goals in its first full year as a public company, stating:

“We continued to add customers and expand our platform while building the foundation to scale a Bitcoin-native financial services ecosystem across multiple interconnected product lines.”
Fold’s more recent products include Fold for Business, enabling companies to include Bitcoin in payroll, bonuses, and corporate financial programs.

One of its most notable partners is Steak ‘n Shake, which accepts Bitcoin and pays employees bonuses in Bitcoin.

Reeves noted that Fold has strengthened its balance sheet by “extinguishing our two outstanding convertible debt instruments.”

This “removes structural overhang and directs financing solely to the growth of our operating businesses,” he said.

“With the credit card now live, the launch of an enterprise product, and a cleaner capital structure in place, 2026 is about scaling what we’ve built across customer acquisition, engagement, cross-sell, and retention.”
Fold has been selling Bitcoin

Despite Reeves’ confidence for the remainder of 2026, Fold has nearly sliced its Bitcoin treasury in half.

Its holdings, which stood at 1,527 BTC at the end of last year, have dropped to 827 BTC as of March 17.

FLD shares continue to slide

The Bitcoin selloff comes as Fold (FLD) shares have now fallen 59% so far in 2026 and 83.8% over the last 12 months, Google Finance data shows.

FLD rose in after-hours on Tuesday after its results came out, increasing 13.4% to $1.27.

However, the company's shares then fell 4.46% on Wednesday, sending its share price back to $1.07.

source: https://www.tradingview.com/news/cointelegraph:70767960a094b:0-fold-q4-revenue-up-ceo-sees-bitcoin-rewards-overtaking-air-miles/