Bitcoin Price Fluctuations and Short Interest Trends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Source: seekingalpha
- Bitcoin Price Fluctuations: Bitcoin hovered between $77,000 and $80,000 in May, with further declines in June indicating market uncertainty and a drop in investor confidence.
- Market Value Loss: The cryptocurrency market has erased over $2 trillion in value since peaking in October 2025, now down 48% from that high, negatively impacting the industry's investment appeal.
- Short Interest Trends: Forum Markets (FRMM) recorded the highest short interest among micro-cap and small-cap firms at 21.98%, reflecting a pessimistic outlook on its future performance.
- Low Short Interest Stocks: BitFuFu (FUFU) had the lowest short interest at just 0.52%, suggesting a more optimistic investor sentiment towards its future, potentially attracting more investor interest.
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Analyst Views on FLD
Wall Street analysts forecast FLD stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.560
Low
7.00
Averages
7.00
High
7.00
Current: 0.560
Low
7.00
Averages
7.00
High
7.00
About FLD
Fold Holdings, Inc. is a bitcoin financial services company engaged in expanding access to bitcoin through a comprehensive suite of consumer financial products. The Company offers consumers a Federal Deposit Insurance Corporation (FDIC) insured checking account, a Visa prepaid debit card, bill payments, and an extensive catalog of merchant reward offers. It also partners with third-party service providers that offer bitcoin exchange and custody services. In addition to enabling customers to accumulate bitcoin through its rewards program, the Company itself actively invests in and accumulates bitcoin for its treasury. Its Products and Services consist of Banking and Payments; Rewards Network, and Custody and Trading. It offers a free FDIC-insured checking account that supports direct deposits, bill payments, and the ability to receive paychecks up to three days early. The Company offers eligible customers the ability to buy, sell, store, and withdraw Bitcoin through it.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fold Holdings Strengthens Financial Position
- Capital Transaction Success: Fold Holdings monetized approximately $45 million of bitcoin at an average price of $71,000, successfully repaying $20 million of bitcoin-collateralized debt, with the remaining $25 million allocated for business growth, significantly enhancing the company's financial flexibility.
- Debt Elimination and Liquidity Boost: This transaction eliminated all secured debt for Fold, strengthened liquidity, and improved monthly net cash flows, ensuring the company has ample resources and flexibility for future growth initiatives.
- Credit Card Growth Potential: The Fold Credit Card is viewed as a significant long-term growth opportunity, with increased liquidity and financing flexibility supporting a larger cardholder base and fostering additional funding relationships.
- Future Product Launch Plans: Fold plans to introduce new products in the coming months to further expand the market, with management believing these new offerings will enhance customer activity and improve cash flows, driving success during this pivotal growth period.
See More
Bitcoin Price Fluctuations and Short Interest Trends
- Bitcoin Price Fluctuations: Bitcoin hovered between $77,000 and $80,000 in May, with further declines in June indicating market uncertainty and a drop in investor confidence.
- Market Value Loss: The cryptocurrency market has erased over $2 trillion in value since peaking in October 2025, now down 48% from that high, negatively impacting the industry's investment appeal.
- Short Interest Trends: Forum Markets (FRMM) recorded the highest short interest among micro-cap and small-cap firms at 21.98%, reflecting a pessimistic outlook on its future performance.
- Low Short Interest Stocks: BitFuFu (FUFU) had the lowest short interest at just 0.52%, suggesting a more optimistic investor sentiment towards its future, potentially attracting more investor interest.
See More
Fold Launches Bitcoin Credit Card, Pioneering New Financial Era
- Credit Card Launch: Fold Holdings, Inc. is gradually rolling out its Bitcoin Credit Card to waitlist members, with plans to expand access to more users in the coming weeks, thereby facilitating easier use of Bitcoin for everyday purchases.
- Reward Structure: The credit card offers up to 4% Bitcoin back, combining a base rate of 1.5% with behavior-based boosts, designed to attract users by providing a simple and transparent way to earn Bitcoin, enhancing customer loyalty.
- Market Reach: The Fold Bitcoin Credit Card can be used at 175 million Visa-accepting merchants, ensuring a seamless experience for users in everyday spending while integrating closely with the Fold ecosystem to enhance overall user experience.
- Strategic Vision: CEO Will Reeves stated that the launch of the credit card marks a significant step towards becoming the personal finance hub for the Bitcoin economy, with a methodical rollout approach to ensure high-quality user experience.
See More
Fold Holdings Secures $150 Million Credit Facility to Expand Bitcoin Credit Card
- Credit Facility Expansion: Fold Holdings has entered into a four-year senior secured revolving credit facility with Encina Lender Finance, providing up to $150 million to support the ongoing growth of its Bitcoin credit card program, ensuring equity is not diluted as demand increases.
- Credit Card Rollout Plan: Fold has begun issuing Bitcoin credit cards to select waitlist members and plans to expand distribution in scheduled batches over the coming weeks, aiming for broad adoption to enhance user experience and market penetration.
- Bitcoin Rewards Mechanism: The Fold Bitcoin Credit Card offers up to 4% back in Bitcoin rewards, combining an unlimited 1.5% base rate with behavior-based boosts, designed to attract more users and enhance customer loyalty, driving business growth.
- Strategic Partnership: Encina Lender Finance expressed excitement about partnering with Fold, aligning with its expertise in specialty finance and fintech, and is expected to facilitate Fold's national expansion of the Bitcoin credit card, further solidifying its market position.
See More
Fold Holdings Q1 2026 Earnings Call Insights
- Bitcoin Market Pressure: Fold Holdings faced significant challenges in Q1 2026, with transaction volumes down 31% year-over-year due to declining Bitcoin prices, which directly impacted revenues that also fell by 21%, highlighting the adverse effects of market conditions on performance.
- Credit Card Rollout Progress: The Fold Credit Card is now live with over 1,000 cardholders, although the company is intentionally throttling access through a phased rollout to manage a waitlist of over 8,000 potential users, which is expected to positively influence transaction volume and customer acquisition in the future.
- Gift Card Economic Restructuring: Management is restructuring gift card economics with distribution partners to materially reduce customer friction and improve retail placement opportunities, with expectations that this strategy will make the gift card business cost neutral on the front end, thereby driving sales growth.
- Financial Condition Improvement: Q1 operating expenses were $13.4 million, a decrease of approximately 19% year-over-year, while the net loss was $29.2 million, an improvement from $48.9 million in the same period last year, indicating positive progress in cost control efforts.
See More
Fold Holdings Reports Q1 Earnings Beat Despite Revenue Decline
- Earnings Beat: Fold Holdings reported a Q1 non-GAAP EPS of -$0.12, beating expectations by $0.03, indicating some operational efficiency despite ongoing financial struggles.
- Significant Revenue Decline: The company’s revenue of $5.6 million represents a 21% year-over-year decline, missing market expectations by $4.39 million, highlighting challenges in market demand and increased competition.
- Widening Net Loss: The net loss for Fold Holdings reached $29.2 million, reflecting ongoing operational pressures and potentially impacting future financing and investor confidence.
- Adjusted EBITDA Loss: The adjusted EBITDA loss of $5.8 million indicates challenges in restoring profitability, necessitating effective measures to improve financial health moving forward.
See More
Fold Holdings Strengthens Financial Position
- Capital Transaction Success: Fold Holdings monetized approximately $45 million of bitcoin at an average price of $71,000, successfully repaying $20 million of bitcoin-collateralized debt, with the remaining $25 million allocated for business growth, significantly enhancing the company's financial flexibility.
- Debt Elimination and Liquidity Boost: This transaction eliminated all secured debt for Fold, strengthened liquidity, and improved monthly net cash flows, ensuring the company has ample resources and flexibility for future growth initiatives.
- Credit Card Growth Potential: The Fold Credit Card is viewed as a significant long-term growth opportunity, with increased liquidity and financing flexibility supporting a larger cardholder base and fostering additional funding relationships.
- Future Product Launch Plans: Fold plans to introduce new products in the coming months to further expand the market, with management believing these new offerings will enhance customer activity and improve cash flows, driving success during this pivotal growth period.
See More
Bitcoin Price Fluctuations and Short Interest Trends
- Bitcoin Price Fluctuations: Bitcoin hovered between $77,000 and $80,000 in May, with further declines in June indicating market uncertainty and a drop in investor confidence.
- Market Value Loss: The cryptocurrency market has erased over $2 trillion in value since peaking in October 2025, now down 48% from that high, negatively impacting the industry's investment appeal.
- Short Interest Trends: Forum Markets (FRMM) recorded the highest short interest among micro-cap and small-cap firms at 21.98%, reflecting a pessimistic outlook on its future performance.
- Low Short Interest Stocks: BitFuFu (FUFU) had the lowest short interest at just 0.52%, suggesting a more optimistic investor sentiment towards its future, potentially attracting more investor interest.
See More
Fold Launches Bitcoin Credit Card, Pioneering New Financial Era
- Credit Card Launch: Fold Holdings, Inc. is gradually rolling out its Bitcoin Credit Card to waitlist members, with plans to expand access to more users in the coming weeks, thereby facilitating easier use of Bitcoin for everyday purchases.
- Reward Structure: The credit card offers up to 4% Bitcoin back, combining a base rate of 1.5% with behavior-based boosts, designed to attract users by providing a simple and transparent way to earn Bitcoin, enhancing customer loyalty.
- Market Reach: The Fold Bitcoin Credit Card can be used at 175 million Visa-accepting merchants, ensuring a seamless experience for users in everyday spending while integrating closely with the Fold ecosystem to enhance overall user experience.
- Strategic Vision: CEO Will Reeves stated that the launch of the credit card marks a significant step towards becoming the personal finance hub for the Bitcoin economy, with a methodical rollout approach to ensure high-quality user experience.
See More
Fold Holdings Secures $150 Million Credit Facility to Expand Bitcoin Credit Card
- Credit Facility Expansion: Fold Holdings has entered into a four-year senior secured revolving credit facility with Encina Lender Finance, providing up to $150 million to support the ongoing growth of its Bitcoin credit card program, ensuring equity is not diluted as demand increases.
- Credit Card Rollout Plan: Fold has begun issuing Bitcoin credit cards to select waitlist members and plans to expand distribution in scheduled batches over the coming weeks, aiming for broad adoption to enhance user experience and market penetration.
- Bitcoin Rewards Mechanism: The Fold Bitcoin Credit Card offers up to 4% back in Bitcoin rewards, combining an unlimited 1.5% base rate with behavior-based boosts, designed to attract more users and enhance customer loyalty, driving business growth.
- Strategic Partnership: Encina Lender Finance expressed excitement about partnering with Fold, aligning with its expertise in specialty finance and fintech, and is expected to facilitate Fold's national expansion of the Bitcoin credit card, further solidifying its market position.
See More
Fold Holdings Q1 2026 Earnings Call Insights
- Bitcoin Market Pressure: Fold Holdings faced significant challenges in Q1 2026, with transaction volumes down 31% year-over-year due to declining Bitcoin prices, which directly impacted revenues that also fell by 21%, highlighting the adverse effects of market conditions on performance.
- Credit Card Rollout Progress: The Fold Credit Card is now live with over 1,000 cardholders, although the company is intentionally throttling access through a phased rollout to manage a waitlist of over 8,000 potential users, which is expected to positively influence transaction volume and customer acquisition in the future.
- Gift Card Economic Restructuring: Management is restructuring gift card economics with distribution partners to materially reduce customer friction and improve retail placement opportunities, with expectations that this strategy will make the gift card business cost neutral on the front end, thereby driving sales growth.
- Financial Condition Improvement: Q1 operating expenses were $13.4 million, a decrease of approximately 19% year-over-year, while the net loss was $29.2 million, an improvement from $48.9 million in the same period last year, indicating positive progress in cost control efforts.
See More
Fold Holdings Reports Q1 Earnings Beat Despite Revenue Decline
- Earnings Beat: Fold Holdings reported a Q1 non-GAAP EPS of -$0.12, beating expectations by $0.03, indicating some operational efficiency despite ongoing financial struggles.
- Significant Revenue Decline: The company’s revenue of $5.6 million represents a 21% year-over-year decline, missing market expectations by $4.39 million, highlighting challenges in market demand and increased competition.
- Widening Net Loss: The net loss for Fold Holdings reached $29.2 million, reflecting ongoing operational pressures and potentially impacting future financing and investor confidence.
- Adjusted EBITDA Loss: The adjusted EBITDA loss of $5.8 million indicates challenges in restoring profitability, necessitating effective measures to improve financial health moving forward.
See More
