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.
“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.
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Stephen Alpher
https://www.coindesk.com/markets/2025/06/30/fold-holdings-slumps-7-on-delay-in-bitcoin-rewards-credit-card
2025-06-30 16:52:27
