Aug. 10 at 1:14 AM
$FLD Let have a conversation about Fundamentals?
Fold's sitting on a strong balance sheet — no debt, ~
$95M in bitcoin plus cash, against a market cap in the low-
$20MS.
Add in real catalysts hitting at once: the credit card's full rollout (80K+ waitlist), a new FDIC-insured banking partner (Lead Bank) to support scale, and smoother onboarding via Persona.
Losses are narrowing (
$48.9M to
$29.2M YoY), and full-year 2025 revenue was up 34% before this year's bitcoin dip.
Analysts back it too — average target
$3.41, Strong Buy consensus, roughly 6-7x the current price.
Debt-free, asset-rich, product finally at full launch — if the waitlist converts, Q2/Q3 could look very different from Q1.