Fold’s Nasdaq Debut Sends Bitcoin Stock Soaring—Wall Street Plays Catch-Up

Bitcoin rewards startup Fold just rang the Nasdaq opening bell—and traders responded by sending its stock skyrocketing 18% in early trading. Because nothing makes traditional finance embrace crypto like a chance to chase momentum.

The crypto crowd’s favorite cashback card company is now rubbing shoulders with blue chips—proving even legacy markets can’t ignore Bitcoin’s gravitational pull. Meanwhile, hedge funds are still trying to explain to their LPs why they missed this rally.

Another day, another crypto firm forcing Wall Street to acknowledge what retail investors figured out years ago. The suits are learning—just slowly, and at great cost.

Fold Partners With Visa For Future Endeavors!

In 2023, Fold had partnered with major credit card issuers. Moreover, its partnership with Visa enabled the company to expand its reach in Europe, Latin America, and the Asia-Pacific regions.

Moreover, “Cashback scheme” is a popular way for credit card issuers to attract customers of all types. Users get a small percentage of their purchase back into their account on every transaction made.

As per the data, the company went public on February 19, with a SPAC merger with FTAC Emerald Acquisition Corp. A popular route for private companies to go public, without the traditional initial public offering is for it to merge with SPAC & FTAC Emerald Acquisition Corporation.

Also Read: Michael Saylor’s Strategy Plans $84 Billion Bitcoin Investment