Fold Holdings Slumps 7% on Delay in Bitcoin Rewards Credit Card

Markets

Share this article

By Stephen Alpher

Jun 30, 2025, 4:52 p.m.

A bear cools itself, lying on its back in shallow water. (Unsplash, mana5280)

Fold Holdings (FLD) notified customers early Monday afternoon of a delay in the rollout of its Fold Bitcoin Credit Card.

Shares quickly slumped more than 7% on the news.

jwp-player-placeholder

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

“A key infrastructure partner unexpectedly exited the credit card business, disrupting our planned rollout,” said Fold in an email to customers. “As a result, the launch of the Fold Bitcoin Credit Card is delayed as we transition to a new partner better aligned with out long-term roadmap.”

Fold came public at around $10 per share in February this year, but quickly slumped lower, bottoming in mid-April at $2.51. Shares are now changing hands at $4.25.

Stephen is CoinDesk’s managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania’s Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

CoinDesk News Image

 

Leave a Reply

Your email address will not be published. Required fields are marked *