Fold Makes History: First Bitcoin Firm to Trade on Nasdaq

Fold Holdings, a pioneering Bitcoin financial services company, is set to make history by becoming the first of its kind to trade on the Nasdaq stock exchange. Following the completion of its business combination with FTAC Emerald Acquisition Corp., approved by FTAC shareholders on February 13, the merged entity will operate under the name Fold Holdings. The company's common stock and warrants are expected to begin trading under the symbols "FLD" and "FLDDW" on February 19, pending final listing approval.

Founded in 2019, Fold aims to expand access to Bitcoin investment opportunities through innovative financial products. The company's CEO, Will Reeves, expressed his excitement about the Nasdaq debut, stating, "Six years ago, we embarked on a mission to expand access to bitcoin investment opportunities through premium financial products. Since then, we have achieved significant scale thanks to the support of our dedicated employees, partners, and investors, leading us to this exciting moment in our company’s history."

Reeves' sentiments were echoed by Bitcoin bull Michael Saylor, who offered his congratulations on the occasion. Saylor's own company, MicroStrategy, recently debuted on the Nasdaq-100 on December 23, 2024. Fold's listing on the Nasdaq marks a significant milestone for the Bitcoin ecosystem, as it becomes one of the world's top 25 Bitcoin treasuries, holding approximately 1,000 BTC, valued at around $94 million at current market prices.