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Bitcoin Rewards App Fold Holdings Debuts on Nasdaq, Stock Price Surges 30% on First Day

2025.02.19 23:40:15

On February 19th, as reported by Coindesk, the Bitcoin rewards financial services company Fold Holdings (FLD) made its debut on the Nasdaq on Wednesday. The stock price soared in early trading but then retreated. The company went public through a business combination with the publicly traded Special Purpose Acquisition Company (SPAC) FTAC Emerald Acquisition Corp. (FTAC). In the first few minutes of trading, FLD surged by over 30% to more than $13 and then fell back to around $11. Fold is the latest public company to have Bitcoin (BTC) on its balance sheet, following in the footsteps of Michael Saylor's MicroStrategy and smaller companies such as Semler Scientific and Metaplanet. According to public filings, Fold holds 1,000 BTC, which is worth $96 million at current prices.
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