Fold Holdings (FLD) announced a delay in the launch of its Fold Bitcoin Credit Card, which led to shares dropping over 7% on the announcement.

The company stated, “A key infrastructure partner unexpectedly exited the credit card business, disrupting our planned rollout. As a result, the launch of the Fold Bitcoin Credit Card is delayed as we transition to a new partner better aligned with our long-term roadmap.”

Fold made its public market debut earlier this year at approximately $10 per share, but has since plummeted, hitting a low of $2.51 in mid-April. Currently, shares are trading at $4.25.