FLD Fold, Inc.
Price Chart
Executive Summary
Fold announced a four-year, senior secured revolving credit facility with Encina Lender Finance, with a maximum size of $150 million, secured by consumer credit card receivables. The facility provides growth capital to scale the Fold Bitcoin Credit Card rollout without diluting equity, supporting the company's expansion into a full credit card product with bitcoin rewards.
Key Financial Metrics
Actionable Insight
The credit facility removes near-term equity dilution risk and provides capital to scale the credit card program. Monitor rollout cadence and cardholder adoption in coming quarters as key catalysts. The accordion feature allows for further expansion if demand materializes.
Key Facts
- Entered into a four-year, senior secured revolving credit facility with Encina Lender Finance, with an uncommitted accordion feature up to $150 million.
- Facility is secured by a pool of consumer credit card receivables.
- Provides dedicated, scalable growth capital to support continued origination volume for the Fold Bitcoin Credit Card.
- Fold expects the facility to meaningfully extend the runway of the card program and position the company to meet accelerating demand without diluting equity.
- Fold Bitcoin Credit Card offers up to 4% bitcoin back on eligible purchases, issued on the Visa network and powered by Stripe Issuing.
- Card can be used at 175 million Visa-accepting merchants.
Financial Impact
Up to $150 million in committed capital via a revolving credit facility, secured by credit card receivables, with no equity dilution.
Risk Factors
- Credit facility is secured by consumer credit card receivables; default risk if cardholder performance deteriorates.
- Rollout is phased and subject to execution risk; broad distribution may take longer than expected.
- Bitcoin price volatility could impact cardholder demand and reward economics.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3301938 |
Filters
| Type | Now | ||||
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Jun 11, 2026
3d ago
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Institutional Cluster
| $0.6830 awaiting T+5 | awaiting T+5 | — | $0.5820 (−14.79%) |
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May 30, 2026
16d ago
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Insider Cluster
| $0.9500 $0.6520 | ▼ −31.37% | ▼ −28.62% | $0.5820 (−38.74%) |
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May 30, 2026
16d ago
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Insider Cluster
| $0.9500 $0.6520 | ▼ −31.37% | ▼ −28.62% | $0.5820 (−38.74%) |
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May 30, 2026
16d ago
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Insider Cluster
| $0.9500 $0.6520 | ▼ −31.37% | ▼ −28.62% | $0.5820 (−38.74%) |
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May 29, 2026
17d ago
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Insider Cluster
| $0.9660 $0.6520 | ▼ −32.51% | ▼ −29.98% | $0.5820 (−39.75%) |
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May 27, 2026
18d ago
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Press Release
| $1.01 $0.8700 | ▼ −13.86% | ▼ −15.07% | $0.5820 (−42.38%) |
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May 27, 2026
19d ago
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Insider Cluster
| $1.01 $0.7280 | ▼ −27.92% | ▼ −28.39% | $0.5820 (−42.38%) |
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May 21, 2026
25d ago
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Insider Cluster
| $1.25 $0.9960 | ▲ +20.32% | ▲ +21.92% | $0.5820 (+53.44%) |
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May 21, 2026
25d ago
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Insider Cluster
| $1.25 $0.9660 | ▲ +22.72% | ▲ +24.57% | $0.5820 (+53.44%) |
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May 20, 2026
26d ago
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Insider Cluster
| $1.27 $0.9960 | ▲ +21.57% | ▲ +23.38% | $0.5820 (+54.17%) |
US Market Status
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