A bitcoin financial services company is now listed on the Nasdaq — joining a limited list of public players in the segment.
Last July, Fold announced a partnership with FTAC Emerald Acquisition Corp. as part of its effort to be listed.
Fold secured a 20 million dollar convertible note from ATW Partners in December. The company used its bitcoins as collateral (totaling about 1,000 BTC), and the financing matured three years after Fold went public.
Fold’s deal with FTAC has been approved. Fold shares will now start trading at the Nasdaq. Fold was founded in 2019 and allows customers to accumulate BTC via its rewards program.
Among the top crypto predictions for 2025 were more crypto-related companies going public — joining Coinbase, Strategy and a bunch of miners.
Mike Novogratz (CEO of Galaxy Digital) said that at the Ondo Summit held earlier in May, he anticipated such progress by June. The company has been waiting for more than four years to be listed publicly in the US.
Exodus shares were listed at the NYSE American exchange in December. The company had 1,900 BTC in reserve and 2,660 Ethereum at that time.
Dan Weiskopf said he is aware of about 20 blockchain companies that are at various stages in the US public listing (or contemplating it) process.
Weiskopf stated that the expected boom in public listing by 2025 would be supported by a revamped SEC, with Hester P. Peirce at its helm.
“Bitcoin price action will continue to be the focus of excitement,” I heard him tell me. “But behind the scenes people forget that the picks and axes are also an important way to capitalize on the innovation that is in front of us.”
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