PANews reported on May 16 that according to Globenewswire, Bitcoin financial services company Fold Holdings' first quarter revenue was $7.1 million, a year-on-year increase of 44%, but its net loss widened to $48.9 million. The company's Bitcoin holdings increased to 1,490, 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 more than 600,000 active accounts. The company just completed its Nasdaq listing in February this year, and its current Bitcoin holdings account for about 35% of its market value.