Wall Street Debut of Bitcoin Rewards App Fold Marked by High Volatility.

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.

  • Related Posts

    DOGE slides to $0.18 as long-term holders exit and a “death-cross” forms on the charts.

    Dogecoin Drops Below $0.183 as Whales Sell and ‘Death Cross’ Confirms Downtrend Dogecoin (DOGE) extended its recent slide on Tuesday, falling 2.3% to $0.1827 as heavy selling from large wallets…

    Continue reading
    Asia Morning Briefing: Bitcoin Steadies as Traders Slowly Rebuild Risk Appetite

    Asia Morning Brief: Cautious Calm Returns as BTC Holds $110K and Traders Tentatively Rebuild Risk Bitcoin hovered near $110,000 and Ether traded around $3,880 early Monday in Asia, as liquidations…

    Continue reading