5 hours ago
Fold Holdings (FLD) notified customers aboriginal Monday day of a hold successful the rollout of its Fold Bitcoin Credit Card.
Shares rapidly slumped much than 7% connected the news.
"A cardinal infrastructure spouse unexpectedly exited the recognition paper business, disrupting our planned rollout," said Fold successful an email to customers. "As a result, the motorboat of the Fold Bitcoin Credit Card is delayed arsenic we modulation to a caller spouse amended aligned with retired semipermanent roadmap."
Fold came nationalist astatine astir $10 per stock successful February this year, but rapidly slumped lower, bottoming successful mid-April astatine $2.51. Shares are present changing hands astatine $4.25.
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