Fold Holdings (FLD) Q2 FY26 earnings call

Fold Holdings is undergoing a strategic transformation from a transaction-dependent bitcoin-native business to a broader financial services platform. Despite a challenging Q2 FY26 marked by lower bitcoin prices impacting revenue and profitability, the company is laying infrastructure for future growth, including a successful credit card early access program and new distribution channels. The focus is shifting towards monetizing customer assets and deepening relationships, aiming for more predictable, recurring revenues and reduced reliance on volatile transaction volumes.