Fold Holdings is set to become the first Bitcoin financial services company to trade on the Nasdaq stock exchange. The company’s common stock and warrants will be listed under the symbols “FLD” and “FLDDW”, starting February 19, pending final listing approval.
Founded in 2019, Fold aims to expand access to Bitcoin investment opportunities through premium financial products. As a result of its business combination with FTAC Emerald Acquisition Corp., approved by shareholders on February 13, the merged entity will operate as Fold Holdings.
The company’s CEO, Will Reeves, stated that this move marks a pivotal moment in expanding bitcoin investment opportunities on Wall Street. The Nasdaq debut is seen as historic, and Bitcoin bull Michael Saylor has offered his congratulations.
Fold currently holds approximately 1,000 BTC, valued at around $94 million at current market prices. This listing positions Fold as one of the world’s top 25 Bitcoin treasuries.
Source: https://cryptobriefing.com/bitcoin-financial-services-nasdaq