Nasdaq-listed Bitcoin infrastructure company Fold (FLD) announced a net loss of $69.6 million for fiscal year 2025, with operating losses expanding year-over-year to $27.7 million, compared to $5.8 million in the prior year period. Revenue grew 34% to $31.8 million. The company added 13,000 new customers, bringing total verified accounts to 84,000, with total transaction volume growing 46% to $960 million. Chief Executive Officer Will Reeves highlighted the launch of new products, such as the Fold Bitcoin Rewards Credit Card, as well as a $9.6 million charge taken to simplify the balance sheet for the retirement of convertible debt.

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