Fold Lands $150 Million to Fuel Bitcoin Credit Card Growth
Fold Holdings has secured a $150 million credit facility from Encina Lender Finance to scale its Bitcoin Credit Card program.Summary
Fold Holdings, a publicly traded bitcoin financial services firm, has entered a $150 million senior secured revolving credit facility with Encina Lender Finance. This asset-backed funding will support the growth of the company's Bitcoin Credit Card program without diluting existing shareholder equity. The card, which operates on the Visa network, allows users to earn bitcoin rewards on purchases.
CEO Will Reeves stated that the capital will help expand the card's distribution as Fold aims to become a primary personal finance hub for the bitcoin economy. While the company recently reported a decline in Q1 2026 revenue, this new revolving credit structure is designed to scale with cardholder volume, providing the necessary liquidity to boost growth.
(Source：Bitcoin Magazine)