Fold, the Bitcoin Rewards App, Sees Turbulent Start in Wall Street Debut.

Bitcoin Rewards Firm Fold Debuts on Nasdaq Following SPAC Merger

Fold Holdings (FLD), a Bitcoin rewards financial services company, officially went public on the Nasdaq Wednesday through a merger with FTAC Emerald Acquisition Corp. (FTAC), a special purpose acquisition company (SPAC).

The stock saw a strong start, surging over 30% to trade above $13 in early market action before pulling back to around $11.

With its public listing, Fold joins the ranks of companies that hold Bitcoin (BTC) on their balance sheets, alongside firms like Michael Saylor’s Strategy, Semler Scientific, and Metaplanet. Public filings show that Fold holds 1,000 BTC, currently valued at approximately $96 million.