Fold Makes Grand Entrance on Nasdaq to Advance Bitcoin Financial Services

February 19, 2025 – 9:00 AM

In a significant move for the cryptocurrency sector, Fold has officially joined the Nasdaq, marking a new chapter in its dedication to financial services focused solely on Bitcoin (BTC). The company aims to innovate within the digital currency landscape by providing unique banking solutions tailored for Bitcoin users.

A Bitcoin-Focused Banking Experience

Fold operates as a comprehensive Bitcoin bank, offering users the chance to have their salaries deposited directly into FDIC-insured checking accounts. This setup allows customers the flexibility to convert their earnings into Bitcoin at a percentage of their choice. Moreover, users can enjoy cashback on everyday purchases in the form of satoshis, the smallest unit of Bitcoin, enhancing the integration of cryptocurrency into daily financial transactions.

This innovative model comes at a time when financial services are increasingly converging with the cryptocurrency market, allowing users to leverage Bitcoin’s potential in a secure banking environment.

Unique Path to Public Listing

Unlike traditional routes for going public, Fold’s IPO was facilitated through a merger with FTAC Emerald Acquisition Corp., a Special Purpose Acquisition Company (SPAC). SPACs are designed to streamline the listing process for companies seeking to go public, offering a swifter alternative to conventional initial public offerings.

Will Reeves, CEO of Fold, expressed enthusiasm regarding the listing, stating, “We believe that this merger of transformative companies positions Fold to better advance our vision of building a gateway to Bitcoin-based financial services and expanding wealth creation opportunities for our customers. We are thrilled to be listed on the Nasdaq and look forward to continuing our mission to broaden access to Bitcoin rewards and financial services as a public company.”

After its successful listing, Fold will be traded under the ticker symbols FLD and FLDDW, signaling its commitment to growth and innovation in the cryptocurrency service space.

A Solid Bitcoin Asset Base

In addition to its banking services, Fold maintains a robust Bitcoin treasury, currently holding over 1,000 Bitcoins, valued at approximately $95.6 million. This asset base not only reinforces the company’s commitment to Bitcoin but also positions it as a significant player in the cryptocurrency market.

As of the publication date of this article, Bitcoin’s price rests at $95,650, showing a slight increase of 0.16% within a 24-hour period, reflecting ongoing market dynamics.

Looking Ahead

As Fold embarks on this new venture, it joins a growing list of companies within the cryptocurrency sector that are publicly traded. The integration of Bitcoin into traditional financial frameworks continues to evolve, and companies like Fold are at the forefront of this transformation, aiming to democratize access to cryptocurrency rewards and services for everyday users.

Fold’s entry into the public marketplace represents not just a milestone for the company itself, but a pivotal moment in the continuing evolution of digital finance and cryptocurrency acceptance on a global scale.

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Disclaimer on Cryptocurrency Investment

Investing in cryptocurrencies involves a high degree of risk. As highlighted in several analyses, the potential for revenue correlates directly with the associated risks. Prospective investors should ensure that they are prepared for the possibility of losing a portion or all of their capital before committing to investments in this volatile market.