Étiquette : nasdaq

Edited by Matt Waller Fold Holdings, a bitcoin rewards platform, made its public market debut on Nasdaq on Wednesday through a SPAC merger with FTAC Emerald Acquisition Corp. The company, which boasts a 1,000 BTC holding valued at roughly $96 million at current prices, has joined an exclusive club of public companies with significant bitcoin exposure on their balance sheets. A Tumultuous Start on the Nasdaq Fold’s market debut was marked by early trading volatility. Shares jumped over 30% above the $13 level in the first few minutes. However, gains were not sustained. The stock pulled back and eventually traded around $11. This swing underscores the challenges new crypto-related listings face amid uncertain investor sentiment. The SPAC merger route allowed F...