Fold Q4 Revenue Soars; CEO Predicts Bitcoin Rewards Will Eclipse Air Miles
Fold said its Q4 revenue jumped as the company cleared two convertible debts, removing a potential overhang and freeing management to concentrate on growth. The debt payoffs improve the company’s capital structure and reduce the risk of future dilution, a move that management says will allow more aggressive investment in product development and user acquisition through 2026.
CEO Will Reeves told investors he expects Bitcoin-based rewards to surpass air miles as a dominant loyalty mechanism, reflecting a broader shift in consumer preferences toward crypto-denominated benefits. If correct, that trend could boost demand for BTC-denominated payout rails and give Fold’s planned 2026 features an early market advantage; key milestones to watch are user growth, reward redemptions, and how partners respond to crypto-first loyalty programs.