Fold Holdings Surges in Nasdaq Debut as Bitcoin Holdings Reach 1,000 BTC

Fold Holdings, a financial services firm specializing in Bitcoin rewards, marked its entry onto the Nasdaq on February 19th, as reported by Coindesk. The company, which achieved this milestone through a strategic merger with FTAC Emerald Acquisition Corp., initially saw its share price soar over 30%, reaching above $13 before retreating to approximately $11 in subsequent trading. This debut highlights a growing trend among publicly traded companies to adopt Bitcoin on their balance sheets, a move embraced by notable entities such as MicroStrategy and smaller firms like Semler Scientific. Recent public filings indicate that Fold Holdings possesses an impressive 1,000 BTC, equating to about $96 million at prevailing market rates. The market’s reaction to Fold’s transition into a publicly listed entity underscores the increasing institutional interest in cryptocurrency as a legitimate asset class.