Fold Holdings Reports Increased Revenue Amid Rising Bitcoin Holdings

According to PANews, Fold Holdings, a Bitcoin financial services company, reported a first-quarter revenue of $7.1 million, marking a 44% increase compared to the previous year. However, the company's net loss widened to $48.9 million. Fold Holdings' Bitcoin holdings have grown to 1,490 BTC, valued at $150 million, representing a 50% increase from the fourth quarter of last year. The company's trading platform processed $250 million in transaction volume during the first quarter, with active accounts surpassing 600,000. In February of this year, Fold Holdings completed its listing on Nasdaq. Currently, the value of its Bitcoin holdings accounts for approximately 35% of its market capitalization.