Fold reports a net loss of $69.6 million for 2025, plans to expand user base with Bitcoin credit card

Techub News reported, according to The Block, Nasdaq-listed Bitcoin infrastructure company Fold released its 2025 financial report, projecting a full-year net loss of $69.6 million. The full-year operating loss widened to $27.7 million (compared to $5.8 million the previous year), while revenue increased 34% year-over-year to $31.8 million. Adjusted EBITDA loss was $17.2 million, with an adjusted loss per share of $0.41. The company added 13,000 new customers, bringing total verified accounts to 84,000. Full-year total transaction volume grew 46% to $960 million. To simplify its balance sheet, the company paid over $9.6 million to settle two outstanding convertible notes. Fold recently launched its Fold For Business service for enterprises and a Bitcoin rewards credit card offering up to 4% back in BTC. The CEO stated the credit card will significantly expand the addressable market. Fold currently holds 1,527 Bitcoins. As of press time, its stock price has fallen 61% year-to-date.