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Bitcoin Payment App Fold's Shares Rise More Than 30 Percent On First Day Of Nasdaq Listing

Bitcoin Payment App Fold's Shares Rise More Than 30 Percent On First Day Of Nasdaq Listing

Bitget2025/02/19 21:53

Bitcoin payment rewards provider Fold Holdings (ticker: FLD) went public on the Nasdaq on 19 February through a merger with special-purpose acquisition company (SPAC) FTAC Emerald Acquisition Corp, CoinDesk reports. On the first day of trading, FLD shares rose more than 30% to $13 before falling back to around $11.

According to public filings, Fold currently holds 1,000 bitcoins, worth about $96 million at current prices, making it the latest publicly traded company to hold bitcoin on its balance sheet, following MicroStrategy, Semler Scientific and Metaplanet.

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