Fold to be included in the Russell 2000 Index

Rhea-AI Summary

Fold (NASDAQ: FLD) announced inclusion in the Russell 2000 Index effective December 22, 2025. The company said the Russell 2000 is composed of diversified small‑cap U.S. stocks and represents approximately 5–7% of U.S. public equities market capitalization. Fold's leadership said index inclusion should broaden market awareness and visibility with institutional and retail investors. Management highlighted current demand for its Bitcoin Gift Card and noted the upcoming launch of a Fold Bitcoin Rewards Credit Card as part of its strategy to bring bitcoin into everyday commerce.

Positive

• Inclusion in the Russell 2000 on Dec 22, 2025
• Russell 2000 represents ~5–7% of U.S. public equities market cap
• Company reports strong early demand for its Bitcoin Gift Card

Negative

• None.

Key Figures

Russell 2000 weight 5–7% of U.S. market cap Russell 2000 share of total U.S. public equities by capitalization

Market Reality Check

$2.80 Last Close

Volume Volume 610,167 is 4.47x the 20-day average of 136,461, indicating elevated trading interest ahead of this news. high

Technical Price at $2.70 is trading below the 200-day MA of $4.16, reflecting a prior downtrend.

Peers on Argus

While FLD was down 7.53%, several crypto/fintech peers like NCTY (+6.61%), BTCS (+4.26%), and BTM (+2.26%) were up, suggesting the weakness was more stock-specific than sector-driven despite generally constructive peer action.

Historical Context

Date	Event	Sentiment	Move	Catalyst
2025-12-18	Regulatory expansion	Positive	+0.0%	Nationwide availability via BitGo’s federally chartered trust framework.
2025-12-04	Consumer survey data	Positive	-1.9%	Survey showing strong interest in gifting bitcoin with regulated providers.
2025-11-19	Marketing initiative	Positive	-0.8%	Launch of affiliate program to promote the Fold Bitcoin Gift Card.
2025-11-13	Coverage & update	Positive	-4.5%	Quarter results and new analyst coverage from Stonegate Capital Partners.
2025-11-10	Earnings results	Positive	-4.8%	Q3 2025 earnings with 41% YoY revenue growth and bitcoin treasury gains.

Pattern Detected

Recent news with generally positive operational and crypto-related developments has coincided with flat to negative 24-hour price reactions, indicating a pattern of muted or contrarian responses to good news.

Recent Company History

Over the past months, Fold reported Q3 2025 results with $7.4M revenue and net income of $0.6M, alongside strong transaction volume and account growth. It expanded credit and equity facilities, and highlighted a 1,526 BTC treasury and nationwide rollout via BitGo’s trust framework. Marketing initiatives such as the Bitcoin Gift Card and affiliate program targeted holiday demand. Despite these seemingly positive milestones, short-term price reactions around these announcements were flat to negative, providing context for how today’s Russell 2000 inclusion news fits into a pattern of cautious trading responses.

Market Pulse Summary

This announcement highlights Fold’s inclusion in the Russell 2000, a widely used small-cap benchmark representing about 5–7% of U.S. public equity market capitalization. Index membership can affect ownership by mutual funds and ETFs that track or benchmark to this index, potentially broadening awareness. In recent months, Fold reported revenue growth, bitcoin treasury holdings, and expanded credit and equity facilities. Investors may watch how index-related flows, product rollouts, and future filings interact with the company’s existing capital structure and growth plans.

Key Terms

etfs financial

"It is used by mutual funds, ETFs, and other asset managers as a benchmark"

ETFs, or exchange-traded funds, are investment funds that hold a collection of stocks, bonds, or other assets, and can be bought or sold on stock exchanges like individual shares. They offer investors an easy way to diversify their holdings and access different markets or sectors without buying multiple individual assets. Because they are traded throughout the day, ETFs provide flexibility and can help investors manage risk while pursuing their financial goals.

bitcoin financial

"a bitcoin financial services company making it easy for individuals to earn, save, and spend bitcoin"

Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.

russell 2000 index financial

"today announced its inclusion in the Russell 2000 Index."

A stock-market benchmark that tracks about 2,000 small-cap U.S. companies, the Russell 2000 gives a snapshot of how smaller publicly traded firms are performing. Investors use it like a thermometer or yardstick for the small-company segment of the market—funds and portfolio managers compare returns to it, and its movements can signal changes in economic risk appetite or growth expectations; it is weighted so larger small companies have a bigger influence on the index.

AI-generated analysis. Not financial advice.

PHOENIX, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), a bitcoin financial services company making it easy for individuals to earn, save, and spend bitcoin through everyday financial tools, today announced its inclusion in the Russell 2000 Index.

The Russell 2000 Index is composed of a diversified group of small-cap U.S. stocks and represents approximately 5-7% of the market capitalization of U.S. public equities. It is used by mutual funds, ETFs, and other asset managers as a benchmark for the small-cap market.

Will Reeves, Chairman and CEO of Fold, commented, “Fold’s inclusion in the Russell 2000 Index is a significant milestone that further validates our position as a successful public company. We expect index inclusion to broaden market awareness and increase visibility among institutional and retail investors.”

Reeves added, “We are executing against a clear strategy to bring Bitcoin into everyday commerce. With strong early demand for our Bitcoin Gift Card and the upcoming launch of our Fold Bitcoin Rewards Credit Card, we are building a differentiated platform designed for long-term growth. Our focus remains on disciplined execution, expanding distribution, and creating sustained value for shareholders.”

About Fold
Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. With over 1,500 BTC in its treasury, Fold is at the forefront of integrating bitcoin into everyday financial experiences. Through innovative products like the Fold App, Fold Credit Card™, Fold Bitcoin Gift Card™, and Fold Debit Card™, the company is building the bridge between traditional finance and the bitcoin-powered future.

For investor inquiries, please contact:
Orange Group
Samir Jain, CFA
FoldIR@orangegroupadvisors.com

For media inquiries, please contact:
Jessica Starman, MBA
media@foldapp.com

FAQ

When was Fold (FLD) added to the Russell 2000 Index?

Fold was announced as included in the Russell 2000 on December 22, 2025.

What does inclusion in the Russell 2000 mean for Fold (FLD) investors?

The company expects inclusion to broaden market awareness and increase visibility among institutional and retail investors.

How much of the U.S. market does the Russell 2000 represent according to Fold's announcement?

Fold noted the Russell 2000 represents approximately 5–7% of the market capitalization of U.S. public equities.

What products did Fold mention when announcing its Russell 2000 inclusion?

Fold highlighted strong early demand for its Bitcoin Gift Card and an upcoming Fold Bitcoin Rewards Credit Card launch.

Will Fold's Russell 2000 inclusion change its business strategy?

Management reiterated the existing strategy to bring bitcoin into everyday commerce via disciplined execution, distribution expansion, and new products.