Bitcoin financial services company Fold began trading publicly on the Nasdaq Composite on Wednesday, joining a small group of crypto-focused companies that are selling shares on major U.S. stock exchanges.
The firm, which rewards customers with Bitcoin and has a debit card, began trading under the name Fold Holdings Inc. (FLD) at $10.25 per share before climbing to over $12 as of this writing.
“We are excited to list on Nasdaq and look forward to continuing on our mission to expand access to bitcoin rewards and financial services as a public company,” Fold CEO Will Reeves said in a press release.
Fold is among the few digital assets companies to be publicly traded. Fold last year announced plans to go public via a special purpose acquisition company agreement with FTAC Emerald Acquisition Corp. The deal valued the firm at $365 million.
Since its founding in 2019, Fold said that it has processed more than $2 billion in volume through services including bill pay, debit cards, and insured accounts. Customers ac...
24h Most Popular
Utilities