Fold's ambitious expansion hits profitability
Fold, a company providing bitcoin infrastructure, reported a net loss of $69.6 million for 2025, a 20% increase compared to the previous year. The main reason for such significant losses was growing operating expenses amid the company's large-scale strategy to attract new customers.
Key facts:
- Fold's operating losses for 2025 increased nearly 5-fold to $27.7 million from $5.8 million a year earlier.
- The company has focused on expanding its customer base, particularly through the launch of a new bitcoin card.
- Despite the increase in costs, Fold's management expects that investments in marketing and new products will pay off in the long run.
Fold is one of the leading companies providing infrastructure for using bitcoin in everyday life. Its main focus is serving users who want to spend their crypto assets in the real world.
By increasing its operating losses in 2025, Fold expects that the launch of a new bitcoin card will allow it to attract additional customers and become profitable in the long run. However, given the high competition in the cryptocurrency payment services market, the implementation of this strategy will require significant investments and time.