Bitcoin (BTC) financial services company Fold Holdings is set to make its debut on the Nasdaq on February 19th, making it the 12th crypto-native company to be listed on the stock exchange.
Following the completion of its merger with FTAC Emerald Acquisition Corp. (FTAC), a special purpose acquisition company (SPAC), Fold Holdings will see its shares listed on the Nasdaq. The new combined entity will continue to operate under the Fold Holdings name.
The company’s common stock and warrants are expected to start trading on the Nasdaq under the ticker symbols “FLD” and “FLDDW” respectively, pending final approval.
Fold’s co-founder and CEO, Will Reeves, expressed his excitement about the company’s public listing, stating that it will help further their mission of providing access to Bitcoin-based financial services and expanding wealth creation opportunities for their customers.
Founded in 2019, Fold is a Bitcoin financial services firm that aims to integrate BTC into everyday financial products. The company recently launched a waitlist for a credit card that offers users 2% cashback in Bitcoin.
According to data from Bitcoin Treasuries, Fold is currently the 23rd-largest holder of Bitcoin among companies, with 1,000 BTC in its treasury.
Fold’s listing on the Nasdaq makes it the 12th crypto-native company to join the likes of Coinbase and Strategy. With the increasing popularity of Bitcoin exposure through financial instruments, Fold’s shares could potentially become a proxy for Bitcoin investments similar to what Strategy has experienced.
Overall, Fold’s listing on the Nasdaq marks a significant milestone for the company and the broader crypto industry as it continues to gain mainstream recognition and adoption.
