Fold Goes Public on Nasdaq as Bitcoin Holdings Grow

Bitcoin rewards firm Fold Holdings (FLD) made its Nasdaq debut on Wednesday after merging with special purpose acquisition company (SPAC) FTAC Emerald Acquisition Corp. (FTAC).

FLD shares initially surged over 30%, surpassing $13 in early trading, before pulling back to around $11.

With its public listing, Fold joins a growing list of companies holding Bitcoin (BTC) as part of their corporate treasury, following the lead of Michael Saylor’s Strategy, as well as smaller firms like Semler Scientific and Metaplanet. According to public filings, Fold currently holds 1,000 BTC, valued at approximately $96 million at current market prices.