Bitcoin rewards push increases, leading to rise in revenue
March 19, 2026
Bitcoin financial services company Fold announced that its revenue for the fourth quarter of the year reached $9 million, marking an 8% increase compared to the previous year. The company also welcomed 2,000 new customers during this period and expanded its offerings related to Bitcoin rewards.
The growth in revenue comes on the heels of Fold’s recent launch of the Bitcoin Rewards Credit Card. This innovative product, powered by Visa and Stripe, aims to provide consumers with perks backed by Bitcoin for their everyday spending needs. Fold’s CEO, Will Reeves, expressed confidence in the potential of Bitcoin rewards programs and predicted that they could surpass traditional airline miles as the preferred consumer reward in the United States.
However, despite the positive revenue growth, Fold experienced a 3% decline in transaction volume, which amounted to $215 million. On the financial front, the company reported an operating loss of $6 million for the quarter and a net loss of $69.6 million for the entire year of 2025. Despite these losses, Fold remains committed to adding new customers, expanding its platform, and laying the groundwork for scaling a Bitcoin-focused financial services ecosystem across a range of interconnected product lines.
Fold also introduced Fold for Business, a solution designed to enable companies to leverage Bitcoin for payroll, bonuses, and other financial programs. In terms of its balance sheet, Fold made significant progress by paying off two convertible debt instruments. Reeves highlighted the company’s goal of scaling its existing offerings in customer acquisition, engagement, cross-selling, and retention throughout 2026. Despite these positive developments, Fold experienced a decrease in its Bitcoin treasury, which dropped from 1,527 BTC to 827 BTC by March 17.
On the stock market front, Fold’s shares have faced significant pressure, with a 59% decline in 2026 and an 83.8% drop over the past 12 months. Following the earnings announcement, the stock initially rose by 13.4% in after-hours trading but later fell by 4.46% to $1.07.
Fold’s journey in the financial services arena underscores its commitment to innovation and growth within the Bitcoin ecosystem. As the company continues to navigate the challenges of the market and capitalize on new opportunities, its focus remains on expanding its customer base, enhancing user engagement, promoting cross-selling initiatives, and fostering customer loyalty.