Fold Unfolds Bitcoin Card Chaos: 14% Drop & 3.5% Rewards?

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Fold Holdings, Inc. (NASDAQ: FLD), a company whose shares have mastered the art of plummeting like a bear in a crypto market 🐻, has whispered through the financial corridors about its Bitcoin Rewards Credit Card. Launching September 23, this audacious contraption will be powered by Stripe’s backend and Visa’s global network-a marriage of innovation and bureaucracy. Meanwhile, its stock price waltzes down 14%, because why not? 🎭

This new marvel allows users to earn Bitcoin on every purchase, a feat akin to finding gold in your coffee ☕. Fold promises up to 3.5% back in Bitcoin, with 2% instantly and 1.5% more if you play nice with their checking account. A limited-time offer, of course, because greed must be tempered by corporate ethics. 🤷♂️

Fold x @stripe x @Visa

Together, they’ve brewed a Bitcoin Credit Card-a digital ouroboros where you spend to earn, and earn to spend. 3.5% back? A pittance! But hey, it’s Bitcoin! 🚀

Rewarded in crypto, built on code, global with plastic.

– FOLD BITCOIN (@fold_app) September 23, 2025

Stripe and Visa: The Dream Team of Plastic and Algorithms

The card, a masterpiece of modern finance, leverages Stripe’s Issuing platform and Visa’s “trust us, we’ve been around since 1958” global network. Sateesh Kumar Srinivasan of Stripe called it a “blueprint for innovation,” which is just a fancy way of saying, “We’re not entirely clueless.” 🎩

Cuy Sheffield of Visa added, “This gives consumers a safe way to earn Bitcoin as they shop.” Safe? Perhaps. Simple? Only if you ignore the 3.5% vs. the 14% drop. Visa’s also cozying up to Avalanche, because why stop at one crypto partnership when you can have two? 🤝

FLD Shares Drop 14% Despite Bitcoin’s Grand Entrance

Fold, a company that somehow holds 1,500 BTC in its treasury while giving away $83 million in rewards, claims to have processed $3.1 billion in transactions. Their new card joins a suite of crypto services, a buffet for the digitally curious. 🍽️

Graphic of Fold’s share price-because nothing says “confidence” like a freefall. 📉

FLD shares (NASDAQ: FLD) began at $3.88, then nosedived to $3.31, a performance that would make a rollercoaster blush. Yahoo! Finance calls this a “bearish sentiment,” but really, it’s just the market’s way of saying, “Surprise! You’re broke!” 🐻

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2025-09-24 02:49