Fold Holdings (FLD) notified customers early Monday afternoon of a delay in the rollout of its Fold Bitcoin Credit Card.
Shares quickly slumped more than 7% on the news.
“A key infrastructure partner unexpectedly exited the credit card business, disrupting our planned rollout,” said Fold in an email to customers. “As a result, the launch of the Fold Bitcoin Credit Card is delayed as we transition to a new partner better aligned with out long-term roadmap.”
Fold came public at around $10 per share in February this year, but quickly slumped lower, bottoming in mid-April at $2.51. Shares are now changing hands at $4.25.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin Magazine Eric Trump Confirmed As Speaker For Bitcoin 2026 Conference Bitcoin Magazine has confirmed…
Bitcoin Magazine Bitcoin’s Ownership Base is Maturing, Reducing Reliance on Retail: Analysts Bitcoin investors have…
“The wildest thing about my $1 million prediction is that it's not wild at all,”…
Wall Street broker Bernstein took note of an institutional ownership shift as behind bitcoin's resilience…
Gains came for crypto and stocks as tensions around the Strait of Hormuz appeared to…
Every few years, a chart pattern resurfaces in the Bitcoin market that commands serious attention…