Bitcoin payment app Fold surges over 30% on Nasdaq debut

TechFlow reported, according to CoinDesk, that bitcoin rewards payment provider Fold Holdings (ticker: FLD) went public on Nasdaq on February 19 through a merger with special purpose acquisition company (SPAC) FTAC Emerald Acquisition Corp. On its first trading day, FLD's stock price surged over 30% to $13 before retreating to around $11.

Public filings show that Fold currently holds 1,000 bitcoins, worth approximately $96 million at current prices, making it another publicly traded company with bitcoin on its balance sheet, following MicroStrategy, Semler Scientific, and Metaplanet.