TLDR
- Fold Holdings will list on Nasdaq February 19 following SPAC merger with FTAC Emerald
- Company adds 1,000 Bitcoin to publicly-listed corporate holdings
- Trading will commence under FLD and FLDDW ticker symbols
- Joins 11 other crypto companies already listed on Nasdaq
- Company plans Bitcoin rewards credit card offering 2% cashback
Fold Holdings, a company focused on bringing Bitcoin into everyday financial services, is preparing to make its debut on the Nasdaq stock exchange. The listing, scheduled for February 19, 2025, comes after completing a merger with FTAC Emerald Acquisition Corp through a SPAC arrangement.
The company’s arrival on Wall Street adds another layer to the growing intersection between traditional finance and cryptocurrency markets. When trading begins under the symbols “FLD” and “FLDDW,” Fold will bring its 1,000 Bitcoin treasury to the public markets.
This Bitcoin holding positions Fold as the 23rd largest corporate holder of the cryptocurrency among public companies, according to data from Bitcoin Treasuries. The addition expands the pool of Bitcoin exposure available to traditional market investors.
Since its founding in 2019, Fold has worked to create products that make Bitcoin more accessible to everyday users. The company recently unveiled plans for a credit card program that will reward users with 2% Bitcoin cashback on purchases, showing its commitment to practical cryptocurrency applications.
CEO and co-founder Will Reeves describes the company’s evolution: “Six years ago, we embarked on a mission to expand access to Bitcoin investment opportunities through premium financial products. Being a public company strengthens our ability to build Bitcoin-based financial services and expand wealth creation opportunities for our customers.”
Wall Street’s Digital Asset Expansion
The addition of Fold to the Nasdaq roster comes during a period of increasing acceptance of cryptocurrency companies by traditional exchanges. The company will join a growing list of digital asset firms that includes industry leaders Coinbase and Strategy.
The Bitcoin mining sector has established a strong presence on the exchange, represented by companies including Marathon Digital, CleanSpark, Cipher Mining, Bit Digital, Bitfarms, Hut 8, Riot Platforms, Hive, and Iren. Strategy recently achieved a new milestone with its inclusion in the Nasdaq 100 Index.
Fold’s market debut arrives as institutional interest in Bitcoin continues to grow. Spot Bitcoin ETFs have attracted more than $40 billion in net flows, demonstrating strong demand from traditional investment channels.
The SPAC merger pathway chosen by Fold offers a more streamlined approach to public markets compared to traditional IPO processes. This route has become increasingly popular among companies looking to list while maintaining operational flexibility.
For everyday investors, Fold’s listing creates new opportunities to participate in the cryptocurrency market through conventional brokerage accounts. This allows exposure to the sector without directly holding digital assets.
The company’s Bitcoin treasury of 1,000 BTC represents a direct connection to the cryptocurrency market, potentially making Fold’s shares an attractive proxy for Bitcoin investment, similar to other public companies holding digital assets.
Trading activity in Fold’s shares will be closely monitored by market participants as another test case for crypto-native businesses entering traditional finance. The company’s performance could influence future listings in the sector.
Current expectations have trading set to begin February 19, pending final regulatory approvals and standard closing requirements. The listing marks another step in the ongoing integration of cryptocurrency businesses into mainstream financial markets.
The merger agreement maintains the Fold Holdings name for the combined entity, preserving the brand identity the company has built in the Bitcoin financial services space.
Recent data shows increasing institutional adoption of cryptocurrency exposure through traditional market vehicles, suggesting favorable timing for Fold’s public debut.
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