Fold partners with Stripe to launch bitcoin rewards credit card

PHOENIX - Fold Holdings, Inc. (NASDAQ:FLD), a $181.5 million market cap fintech company whose stock has surged nearly 26% in the past week, announced Tuesday it has selected Stripe to power its upcoming Fold Bitcoin Credit Card, a rewards product that will offer up to 3.5% back in bitcoin on purchases. According to InvestingPro analysis, the stock currently trades below its Fair Value, despite experiencing significant price volatility over the past year.

The new card, issued on the Visa network and powered by Stripe Issuing, will provide cardholders with 2% back in bitcoin instantly on all purchases, with an additional 1.5% available when they pay off purchases using their Fold Checking Account with qualified activity.

Cardholders can also earn up to 10% back when shopping with partner brands in Fold’s rewards network, which includes Amazon, Target, Home Depot, and several other major retailers.

"Our credit card offers clear and compelling value and makes bitcoin easily accessible to everyone," said Will Reeves, Chairman, CEO and Founder of Fold. "There are no categories to manage, no tokens to stake, no exchange account or balance requirements; just real bitcoin, earned automatically with every purchase."

Cuy Sheffield, Head of Crypto at Visa, noted that "Fold’s bitcoin rewards, paired with Visa’s scale and security, gives consumers a safe, simple way to earn bitcoin as they shop."

According to the company’s press release statement, Fold has processed over $3.1 billion in transaction volume and distributed more than $83 million in bitcoin rewards through its existing products, which include a Bitcoin debit card, exchange, and gift card offerings. While the company maintains a healthy current ratio of 1.6x, InvestingPro data reveals challenging fundamentals, including negative earnings per share of -$1.16 and declining revenues. For deeper insights into Fold’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

The integration with Stripe’s infrastructure is expected to help Fold bring its bitcoin credit card to market with improved reach and reliability. The company did not specify a launch date for the new card. With the next earnings report due on December 3rd, InvestingPro subscribers can access additional key metrics and 10+ exclusive ProTips to better evaluate the potential impact of this strategic partnership on Fold’s future performance.

In other recent news, Fold Holdings Inc. reported impressive second-quarter earnings for 2025, with a substantial increase in revenue and a notable earnings per share (EPS) performance. The company posted an EPS of $0.28, significantly exceeding the forecasted EPS of -$0.07. Additionally, Fold Holdings’ revenue surpassed expectations, reaching $8.2 million compared to the anticipated $8.09 million. In another development, Fold Holdings announced a partnership with Stripe to power its upcoming Fold Bitcoin Credit Card™, which will be issued on the Visa network. This new credit card will offer users up to 3.5% back in bitcoin on every purchase. Cardholders can earn an unlimited 2% back instantly and up to an additional 1.5% back with specific payment activities. The company also highlighted potential earnings of up to 10% back with top brands in its rewards network, including Amazon, Target, and Uber.

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