🚀 Fold, a Bitcoin rewards company, officially listed on the Nasdaq on Wednesday under the ticker symbol FLD. The company's stock has jumped from $10.25 to over $12, marking an impressive start. #FoldOnNASDAQ
Fold - Rare Crypto Company Listed on US Stock Exchange
#Fold is one of the few cryptocurrency companies publicly listed on the US stock market. The company offers a debit card and a Bitcoin rewards program that allows users to earn $BTC when paying bills or making purchases.
📌 Last year, Fold announced a plan #IPO through a merger agreement with FTAC Emerald Acquisition Corp, valuing the company at 365 million USD.
📊 Some impressive milestones of Fold:
✅ Processed over 2 billion USD in transactions since 2019.
✅ Awarded over 20 million USD in Bitcoin to users, currently valued at around 70 million USD thanks to the increase in BTC price.
✅ Partnered with Visa to launch a Bitcoin debit card, and there will soon be a credit card as well.
Bitcoin Rewards - A New Financial Model?
Fold CEO Will Reeves stated that the company is expanding access to Bitcoin for the general public, helping them build wealth through everyday spending.
Fold currently stands alongside Bitcoin-related companies such as RIOT (a BTC mining company) and MicroStrategy, which has repositioned itself as a 'Bitcoin treasury company.'
💡 Fold's public listing #NASDAQ marks a significant milestone for the crypto industry in traditional finance, showing the growing interest of Wall Street in Bitcoin. 🔥