Welcome to our dedicated page for Fold Holdings SEC filings (Ticker: FLDDW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Fold Holdings, Inc. SEC filings document a bitcoin financial services issuer with Nasdaq-listed common stock and warrants. The filings identify the company’s capital structure, including common stock and whole warrants exercisable for common shares, and record material-event disclosures following its transition from a blank-check company to Fold Holdings.
Recent filings cover operating results and financial condition, Regulation FD updates on bitcoin rewards card activity, material definitive agreements, promissory-note financing, share issuances, debt terms, listing-related covenants, and risk language tied to product launches, third-party service providers, bitcoin-linked treasury considerations, and corporate governance.
Fold Holdings, Inc. is a bitcoin-focused financial services company that lets U.S. consumers earn, save, and spend bitcoin through familiar banking tools. Its platform centers on an FDIC-insured checking account offered via Sutton Bank, a Visa prepaid debit card, bill payment, merchant gift cards, and bitcoin rewards.
The company partners with BitGo, a federally chartered national trust bank, to provide bitcoin custody and trading, and with Marqeta, Visa, Stripe and Celtic Bank to support card issuing and credit operations. As of December 31, 2025, Fold had nearly 84,000 verified accounts and runs an extensive rewards network where users earn sats-based bitcoin credits on card spending and merchant offers.
Fold emphasizes a bitcoin treasury and accumulation strategy alongside operations. As of March 17, 2026, it held 827 bitcoin in its Investment Treasury and separately maintained a Rewards Treasury that matched a $6.9 million customer rewards liability as of December 31, 2025. Recent developments include launching the Fold Bitcoin Credit Card on a limited basis, introducing a bitcoin gift card program, restructuring debt with a $13.0 million senior unsecured note while repaying prior convertible notes, and entering a $250 million equity purchase facility to support potential future capital needs.
Fold Holdings, Inc. received an amended Schedule 13D/A from Fulgur Frontier Capital LP and Fulgur Ventures I, L.P., which together report beneficial ownership of 18,100,406 shares of common stock, representing 37.5% of the company based on 48,307,642 shares outstanding as of November 10, 2025.
On December 30, 2025, a limited partner contributed 7,191,631 shares to Fulgur Frontier for no consideration; those shares were originally bought in 2025 open-market transactions for about $27,557,381 at a volume-weighted price of $3.83 per share. The reporting funds describe themselves as private investment vehicles and state they acquired the position believing the shares were undervalued, while noting they currently have no specific plans for corporate actions and that this amendment is filed solely to correct a ministerial error in the original report.
Fold Holdings, Inc. reported strong top-line growth for 2025 while remaining deeply loss-making. Full-year revenue reached $31.8 million, a 34% year-over-year increase, supported by total transaction volume of $960 million, up 46%. Q4 2025 revenue was $9.1 million, up 8% year over year, while Q4 volume of $215 million declined 3%.
The company posted a 2025 operating loss of $27.7 million and a net loss of $69.6 million, compared with a $65.1 million loss in 2024. Adjusted EBITDA loss widened to $17.2 million from $6.3 million, reflecting higher banking, compensation, and professional costs, as well as digital asset and financing-related charges.
Fold ended 2025 with $7.7 million in cash and cash equivalents, $133.7 million of digital assets in its investment treasury, and total assets of $153.5 million$90.5 million from $193.5 million, and stockholders’ equity improved from a deficit of $67.8 million to positive equity of $63.0 million, aided by recapitalization and elimination of prior SAFEs and certain convertible notes. Bitcoin investment treasury holdings were 1,527 BTC at December 31, 2025 and 827 BTC as of March 17, 2026.
Strategically, Fold launched its Bitcoin Rewards Credit Card with up to 4% base rewards and up to 10% through its rewards network, and introduced Fold for Business, enabling corporate bitcoin payroll and bonus programs under annual SaaS-style contracts. Management highlighted a cleaner capital structure, a new $10 million credit facility, and a focus on scaling consumer and enterprise products in 2026, while withholding specific revenue guidance.
Fulgur Frontier Capital LP, a 10% owner of Fold Holdings, Inc., reported acquiring 7,191,631 shares of common stock on December 30, 2025. The shares were contributed by a limited partner to Fulgur Frontier Capital for no additional consideration, raising its direct holdings to 13,740,061 shares. A related fund, Fulgur Ventures I LP, separately holds 4,360,345 shares that are not included in this total.
Fulgur Frontier Capital LP, a 10% owner of Fold Holdings, Inc., reported acquiring 7,191,631 shares of common stock on December 30, 2025. These shares were contributed by one of its limited partners to the fund for no additional consideration.
After this contribution, Fulgur Frontier Capital LP directly owns 13,740,061 shares of Fold Holdings common stock. The contributed shares had originally been purchased in open market transactions by the limited partner at an average weighted price of $3.83 per share on behalf of the reporting person.
The filing also notes that this total does not include 4,360,345 additional shares of Fold Holdings common stock held by an affiliated entity, Fulgur Ventures I LP.
Fulgur Frontier Capital LP and Fulgur Ventures I, L.P. filed a Schedule 13D reporting beneficial ownership of 18,100,406 shares of Fold Holdings, Inc. common stock, representing 37.47% of the outstanding shares based on 48,307,642 shares as of November 10, 2025.
The position reflects both sole and shared voting and dispositive power between the two private investment funds. On December 30, 2025, a limited partner contributed 7,191,631 shares to Fulgur Frontier for no consideration; those shares had been acquired in 2025 open-market purchases totaling approximately $27,557,381 at a volume-weighted price of about $3.83 per share.
The Reporting Persons state they acquired the shares because they believed they were undervalued and may increase or decrease their holdings depending on market conditions and price, but currently report no specific plans for corporate actions such as mergers, asset sales, or governance changes.
Fold Holdings, Inc. used a current report to expand on a recent post on X about its anticipated new credit card. The company currently expects to launch the card in the coming weeks, but timing depends on completing negotiations and obtaining launch sign-off from necessary third-party service providers.
Fold cautions that it cannot guarantee the credit card will launch within that timeframe, or at all. The disclosure is furnished under Regulation FD in Item 7.01 and is expressly not deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated into other securities law filings unless specifically referenced.
Fold Holdings, Inc. Chief Financial Officer Wolfe Repass reported an open-market sale of 11,281 shares of common stock at $1.423 per share. According to the filing, this sale was mandated to cover tax withholding obligations tied to vesting and settlement of restricted stock units, and was not a discretionary trade. Following the transaction, he directly owned 242,254 shares of Fold Holdings common stock.
Fold Holdings, Inc. Chief Technology Officer Thomas J. Dickman reported several equity transactions involving the company’s common stock and restricted stock units. On March 2, 2026, he sold 8 shares of common stock at $1.423 per share.
According to a footnote, this sale was a mandated “sell to cover” transaction to satisfy tax withholding obligations tied to restricted stock unit vesting, and was not a discretionary trade. On February 27, 2026, restricted stock units converted into 17 shares of common stock on a one-for-one basis, and he also received a 5,000-share grant of common stock at $1.27 per share.
The filing notes that the restricted stock units vest over time beginning on September 1, 2024, in monthly installments, contingent on continued service and subject to a liquidity event condition that was satisfied upon the company’s merger. After these transactions, Dickman directly owned 332,190 shares of Fold common stock.
Fold Holdings, Inc. Chief Executive Officer and 10% owner William Brian Poppic Reeves reported a mix of stock sales and RSU conversions. He sold 5,496 shares of common stock at $1.423 per share in an open-market transaction to cover tax withholding triggered by RSU vesting, under a mandatory “sell to cover” arrangement, not a discretionary trade. On the same date, restricted stock units converting one-for-one into common stock delivered 1,074 and 11,548 shares at $0.00, increasing his directly held common stock to 4,717,025 shares, alongside 103,935 restricted stock units that continue to vest over time.