what's fold app?
Fold App is a Bitcoin rewards platform that enables users to earn satoshis (fractions of Bitcoin) on everyday spending. It offers a debit card integrated with Visa, allowing seamless dollar transactions while accumulating Bitcoin rewards on purchases. The app supports features like daily spin wheels for additional sats, Lightning Network payments for fast and low-cost Bitcoin transfers, and partnerships with merchants for enhanced rewards. Users can deposit fiat, buy Bitcoin directly, and withdraw rewards to self-custody wallets. Fold emphasizes Bitcoin accumulation without traditional loyalty points, focusing on direct BTC rewards. It includes mobile apps for iOS and Android, Apple/Google Pay integration, and tools for high-yield savings in Bitcoin contexts. The platform positions itself as a Bitcoin-native banking alternative, facilitating direct deposits, bill payments, and grocery spending while stacking sats. It has expanded to include credit card waitlists and metaverse-like experiences, all centered on promoting Bitcoin adoption through practical financial tools.
Fold App gives $21 Bitcoin to 2,000 attendees at Bitcoin 2026 conference.
Links
x.com/fold_appGives away $21 in Bitcoin to the first 2,000 attendees at Bitcoin 2026 conference for pro pass holders.
Paid off $66.3 million in convertible debt and unlocked 521 BTC previously held as collateral.
Launched a BTC rewards credit card.
Hailey Lennon departed from the team in February 2026.
Raised $28.5M in funding from Pantera, Multicoin, GSR, and ArkStream.
Reached approximately $65M in TVL ahead of TGE.
Stock declined 75% year-to-date as of December 26, 2025.
Integrated with BitGo for OCC-backed licensing, enabling bitcoin trading across all 50 U.S. states, including New York.
Company adds General Counsel to team.
$FOLD token becomes the exclusive method to receive auction fees from the upcoming XGA launch, with a 3% gross fee structure implemented.
Partnership announced with Steak 'n Shake restaurant chain for a Bitcoin Burger promotion that includes actual Bitcoin rewards.
Fold App partners with Steak 'n Shake restaurant chain for Bitcoin Burger rewards program where customers can redeem receipts for $5 in bitcoin while supplies last.
Custodial partner Fortress Trust became insolvent, and the August 12, 2025 SEC 10-Q filing still listed Fortress Trust as a custodian, raising concerns about asset withdrawal timing and lack of communication from the project.
The dapp secured the Coinbase x UpOnly transaction and Cobie holds a 6-figure position, with the current market cap at $2.5M representing 200x down from all-time high.
Fold App confirmed as exhibitor at Bitcoin Alpha event alongside 7 other Bitcoin-focused companies including Arch Lending, Libre, Orange Pill App, The Bitcoin Adviser, Zeus, AI labs, and Milo.