Fold Hits Nasdaq Tomorrow— Bitcoin Finance Gets Its Moment
Fold Holdings Inc. announced on Feb. 18 that it will debut on Nasdaq, making history as the first bitcoin financial services company to go public. Following the completion of its merger with FTAC Emerald Acquisition Corp., Fold’s common stock and warrants are set to begin trading under the ticker symbols “FLD” and “FLDDW” on or around Feb. 19, pending final approval.
The bitcoin rewards platform holds over 1,000 bitcoin in its treasury and aims to expand access to bitcoin-based financial services as adoption grows globally. Will Reeves, co-founder and CEO of Fold, highlighted the milestone on social media platform X, stating:
Fold makes history tomorrow—debuting on Nasdaq as the first bitcoin financial services company to go public and one of the world’s top 25 bitcoin treasuries.
He also emphasized the company’s long-term vision for bitcoin integration, noting: “Six years ago, we embarked on a mission to expand access to bitcoin investment opportunities through premium financial products.”
Fold, founded in 2019, has grown significantly through the support of employees, partners, and investors. The company believes that becoming publicly traded will enhance its ability to develop financial products centered around bitcoin and wealth creation. FTAC Emerald, a special purpose acquisition company (SPAC) backed by Cohen Circle, was formed to invest in socially and financially innovative businesses. Fold’s SPAC merger aligns with its strategy to scale operations in a rapidly evolving market.
While optimistic about its growth, Fold acknowledges potential challenges, including regulatory shifts and market volatility, cautioning that forward-looking statements remain subject to uncertainties. Last week, Fold introduced a new credit card in partnership with Visa, allowing users to earn bitcoin instead of traditional cashback or points.
