Fold debuts on Nasdaq

Bitcoin-only financial services application Fold (FLD) has debuted on the Nasdaq stock exchange, CoinDesk has reported. The stock price surged at the opening and then fell, but as the day’s trading has progressed, it has increased once more, currently trading at $12.01. Fold was listed through a special purpose acquisition company (SPAC) merger with Nasdaq-listed FTAC Emerald Acquisition Corp. According to recently disclosed data, Fold is known to hold 1,000 BTC worth $96 million.