THE STREET · 2026-11-10 22:26 UTC

TikTok boosts bitcoin firm as revenue falls 44%

Fold Holdings (Nasdaq: FLD) said TikTok Shop has become its largest gift card and customer acquisition channel after it began selling its bitcoin gift card there in July. Q3 revenue fell 44% year over year to $4.16 million from $7.40 million, and the company posted a net loss of $2.65 million versus net income of $554,242 a year earlier. Gift card sales drove an approximately 270% increase in custody and trading revenue in the quarter, and the company ended with $21.7 million in cash and 247 bitcoin.

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