Bitcoin rewards financial services firm Fold Holdings (FLD) debuted on the Nasdaq stock exchange on Wednesday with shares surging higher in early action before pulling back.
The firm went public via business merger with FTAC Emerald Acquisition Corp. (FTAC), a publicly traded special purpose acquisition company (SPAC). FLD jumped more than 30% above $13 in the early minutes of trading before pulling back to the $11 area.
Fold is the latest addition of publicly traded companies with bitcoin (BTC) on its balance sheet, following the footsteps of Michael Saylor’s Strategy and smaller companies like Semler Scientific and Metaplanet. Fold holds 1,000 BTC, worth $96 million at current prices, according to public filings.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Bitcoin Magazine Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against…
Hashdex has begun liquidating its Hashdex Bitcoin ETF, ticker DEFI, marking the first closure of…
The SEC has opened a public comment period on Cboe BZX Exchange’s proposal to list…
Bitcoin Magazine Bitcoin Has Its Best Week Since 2023 as Shortsellers Continue To Get Wiped…
BTCS Inc. reduced its DeFi leverage in the second quarter, repaying $8.2 million in debt…
Bitcoin Magazine Bitcoin Price Roars Towards $80,000 Following Positive Regulatory News, US Buyback Pledge Bitcoin…