Fold’s Bitcoin Gift Cards Gain Traction as Q3 Revenue Reaches $4.2M
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Fold reported Q3 revenue of $4.2 million as its Bitcoin gift-card business gained traction, with TikTok Shop helping expand distribution while the company shifts toward retaining customer balances on its platform. The quarter still produced a net loss despite the top-line growth. The results matter because they test whether Fold can convert gift-card-driven customer acquisition into stickier, balance-based relationships rather than one-off purchases. Watch next for whether balance retention improves margins and narrows losses in coming quarters.
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Fold, Bitcoin (BTC), TikTok Shop
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