Overview
- Fold introduced the Bitcoin Bonus Program on Thursday as the inaugural offering from its enterprise platform, Fold Business.
- Employers set recurring bonus amounts in dollars on normal payroll schedules, and Fold converts the funds to bitcoin, manages custody, and delivers balances through its app with built-in vesting.
- Steak ’n Shake rolled out the program to more than 10,000 hourly workers on March 1 with contributions of $0.21 per hour that vest after two years.
- Simple Mining adopted a salaried model that allocates 1% of each employee’s pay into bitcoin redeemable at year-end, using vesting to support retention.
- FLD shares traded in the mid‑$1 range around the launch and briefly dipped before a partial rebound, as Fold outlined plans to add payroll, corporate bitcoin treasury tools, and corporate cards to Fold Business.