Fold Holdings initiated with an Outperform at Northland

Northland initiated coverage of Fold Holdings (FLD) with an Outperform rating and $10 price target Fold is a financial services platform that integrates Bitcoin (BTC) across its products, allowing consumers to buy, sell, earn, save, and spend BTC with an FDIC insured checking account, a Visa prepaid debit card, bill payments, a catalog of merchant reward offers, newly launched BTC gift cards, and a BTC credit card coming later in 2025, the analyst tells investors. With over 600,000 active and 76,000 verified accounts, Fold serves as a key point of entry for consumers to engage with and integrate Bitcoin into their everyday lives, argues the analyst, who views the company as “well-positioned” to take advantage of growing bitcoin adoption.