Fold Holdings Goes Public on Nasdaq Following SPAC Deal
Bitcoin rewards firm Fold Holdings (FLD) made its public market debut on Wednesday, listing on the Nasdaq after merging with special purpose acquisition company (SPAC) FTAC Emerald Acquisition Corp. (FTAC).
Shares of FLD initially surged more than 30%, climbing above $13 before retracing to around $11.
With this move, Fold joins the ranks of publicly traded companies holding Bitcoin (BTC) on their balance sheets, following in the footsteps of Michael Saylor’s Strategy, along with smaller firms like Semler Scientific and Metaplanet. According to public disclosures, Fold currently holds 1,000 BTC, valued at roughly $96 million at current market prices.
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