The post Fold Holdings Brings 1,000 Bitcoin Treasury to Public Markets via Nasdaq appeared on BitcoinEthereumNews.com.

TLDR Fold Holdings is set to become the 12th crypto-native company listed on Nasdaq through a SPAC merger with FTAC Emerald Acquisition Corp, trading under symbols “FLD” and “FLDDW” The company holds 1,000 BTC in its treasury, making it the 23rd largest holder of Bitcoin among companies Fold was founded in 2019 and focuses on integrating Bitcoin into everyday financial products, including a new credit card offering 2% Bitcoin cashback The listing adds to the growing presence of crypto companies on Nasdaq, which includes Coinbase and various Bitcoin mining firms This development comes as Bitcoin exposure through financial instruments increases, with spot BTC ETFs exceeding $40 billion in net flows Fold Holdings, a Bitcoin financial services company, is scheduled to begin trading on the Nasdaq stock exchange on February 19, 2025. The company’s entry into public markets comes through a merger with FTAC Emerald Acquisition Corp, a special purpose acquisition company (SPAC). The newly formed entity will maintain the Fold Holdings name and trade under the ticker symbols “FLD” for common stock and “FLDDW” for warrants. The final approval for the listing is still pending from regulatory authorities. Fold Holdings brings with it a treasury of 1,000 Bitcoin, placing it as the 23rd largest corporate holder of the cryptocurrency. This addition further increases the amount of Bitcoin held by publicly traded companies. Founded in 2019, Fold has focused its business model on bringing Bitcoin into everyday financial services. The company recently announced plans for a credit card that will offer users 2% cashback rewards in Bitcoin, demonstrating its commitment to making cryptocurrency more accessible to regular consumers. Will Reeves, who co-founded Fold and serves as its CEO, explained the company’s journey: “Six years ago, we embarked on a mission to expand access to Bitcoin investment opportunities through premium financial products.…

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Filed under: News - @ February 19, 2025 3:29 pm