{ "id": 63720, "date": "2026-03-19T09:17:55", "date_gmt": "2026-03-19T02:17:55", "guid": { "rendered": "https:\/\/hbbgroup.net\/fold-q4-revenue-up-ceo-sees-bitcoin-rewards-overtaking-air-miles\/" }, "modified": "2026-03-19T09:17:55", "modified_gmt": "2026-03-19T02:17:55", "slug": "fold-q4-revenue-up-ceo-sees-bitcoin-rewards-overtaking-air-miles", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/fold-q4-revenue-up-ceo-sees-bitcoin-rewards-overtaking-air-miles\/", "title": { "rendered": "Fold Q4 revenue up, CEO sees Bitcoin rewards overtaking air miles" }, "content": { "rendered": "
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Bitcoin financial services firm Fold reported a 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.<\/p>\n

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. <\/p>\n

During Fold\u2019s Q4 and 2025 full-year earnings call on Tuesday, CEO Will Reeves said<\/a> they believe that \u201cBitcoin rewards will overtake the airline miles as the preferred consumer reward in the US.\u201d<\/p>\n

\u201cThat means that these card programs and our card program needs to scale to millions of cardholders,\u201d Reeves said, adding that better risk and fraud controls must be implemented before it can \u201creally open the floodgates\u201d for mass adoption.<\/p>\n

Coinbase, Gemini, Swan Bitcoin and River Financial are among the other crypto platforms offering Bitcoin (BTC<\/a>) credit card rewards in the US.<\/p>\n

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<\/a> in its latest financial statement.<\/p>\n

However, Reeves said Fold still hit its goals in its first full year as a public company, stating:<\/p>\n

\u201c<\/strong>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.\u201d<\/p><\/blockquote>\n

Fold\u2019s more recent products include Fold for Business, enabling companies to include Bitcoin in payroll,<\/a> bonuses, and corporate financial programs.\u00a0<\/p>\n

One of its most notable partners is Steak \u2018n Shake,<\/a> which accepts Bitcoin and pays employees bonuses<\/a> in Bitcoin.<\/p>\n

Source: <\/em>Fold<\/em><\/a><\/figcaption><\/figure>\n

Reeves noted that Fold has strengthened its balance sheet<\/a> by \u201cextinguishing our two outstanding convertible debt instruments.\u201d\u00a0<\/p>\n

This \u201cremoves structural overhang and directs financing solely to the growth of our operating businesses,\u201d he said.<\/p>\n

\u201cWith the credit card now live, the launch of an enterprise product, and a cleaner capital structure in place, 2026 is about scaling what we\u2019ve built across customer acquisition, engagement, cross-sell, and retention.\u201d<\/p><\/blockquote>\n

Fold has been selling Bitcoin<\/h2>\n

Despite Reeves\u2019 confidence for the remainder of 2026, Fold has nearly sliced its Bitcoin treasury <\/a>in half.\u00a0<\/p>\n