Bitcoin financial services company Fold Q1 revenue of $7.1 million, Bitcoin holdings increase to 1490

According to Globenewswire, Bitcoin financial services company Fold Holdings had a revenue of $7.1 million in the first quarter, a year-on-year increase of 44%, but the net loss expanded to $48.9 million. The company's Bitcoin holdings increased to 1490, worth $150 million, a 50% increase from the fourth quarter of last year. The company's trading platform processed $250 million in trading volume in the first quarter, with active accounts exceeding 600000. The company just completed its Nasdaq listing in February this year, and currently holds approximately 35% of its market value in Bitcoin.