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