Bitcoin (BTC) Financial Services Firm Fold Holdings makes his debut on the Nasdaq on 19 February and will be the 12th crypto-following company on the stock exchange.
According to a February 18 rackThe list will take place after the completion of his merger with Ftac Emerald Acquisition Corp. (Ftac), a special goal -acquisition company (Spac).
The newly combined company will continue to operate under folding possession.
The ordinary shares and warrants are expected to start trade on the Nasdaq under the Ticker symbols “FLD” and “FLDDW”, respectively. The offer is still awaiting definitive approval.
Will Reeves, co-founder and CEO of Fold, said:
“Six years ago we started a mission to expand access to Bitcoin investment options through Premium Financial Products. […] We believe that a listed company positions us better to promote our vision of building a gateway to Bitcoin-based financial services and to expand access to power creation for Fold customers. “
Fold was founded in 2019 as a Bitcoin Financial Services Company that focuses on integrating BTC in daily financial products. THe recently opened a waiting list for a credit card that gives users 2% cashback in Bitcoin.
According to facts From Bitcoin Treasuries, the company is the 23rd largest holder of Bitcoin among companies, with 1,000 BTC in his treasury.
Crypto on Nasdaq
Moreover, Fold became the 12th company mentioned on Nasdaq, member of Coinbase and strategy. Strategy has integrated the Nasdaq 100 index in particular since December.
Other crypto-native companies include various Bitcoin mining companies, such as Marathon Digital, CleanSpark, Cipher Mining, Bit Digital, BitFarms, Hut 8, Riot platforms, Hive and Iren.
As Bitcoin-blotation increases by financial instruments, with Spot BTC Exchange-Traded Funds (ETFs) that exceed $ 40 billion in net flows, the shares of Fold can become a proxy such as what happened to strategy.
State in this article
Gino Matos
Gino Matos graduated from the law study and an experienced journalist with six years of experience in the crypto industry. His expertise focuses primarily on the Brazilian blockchain ecosystem and developments in Decentralized Finance (Defi).