Fold Holdings, Inc. reports developments as a Nasdaq-listed bitcoin financial services company built around everyday tools for earning, saving, and spending bitcoin. Its updates center on the Fold App, Fold Bitcoin Credit Card, Fold Bitcoin Gift Card, Fold Debit Card, merchant rewards, account activity, custody arrangements, and business services that connect bitcoin rewards with consumer and enterprise finance.
Recurring news also covers earnings releases, transaction volume and verified-account trends, product launches, annual-meeting notices, balance-sheet actions, convertible-debt retirement, bitcoin treasury disclosures, and financing decisions tied to the company’s operating platform.
Fold, in partnership with Visa, announced the launch of their Bitcoin Rewards Credit Card, offering up to 2% unlimited bitcoin rewards and up to $250 in bonuses. The card combines traditional credit card features with bitcoin rewards, aiming to establish bitcoin as a primary savings asset.
The card provides users with zero-fee bitcoin trading, insured bitcoin custody, FDIC-insured transactional accounts, and exclusive merchant offers. Fold's existing debit card products have attracted over 600,000 users and processed more than $2.5 billion in transactions.
Standard members will earn 1.5% unlimited bitcoin rewards and up to $100 bonus, while Fold+ members receive 2% rewards, up to $250 in bonuses, and a premium metal card. The company has already distributed nearly $75 million in bitcoin rewards to debit card users. Fold is preparing to list on NASDAQ and holds over 1,000 bitcoin in reserves.
Fold, a bitcoin financial services company, and FTAC Emerald Acquisition Corp (OTC: FLDD) have rescheduled their special stockholders meeting to February 13, 2025 to vote on their proposed business combination. The meeting will address the merger that will create Fold Holdings, Inc., which plans to list on Nasdaq under the symbols 'FLD' and 'FLDDW' for common stock and warrants respectively.
The deadline for FTAC public stockholders to exercise redemption rights was set for February 10, 2025. The FTAC board recommends stockholders vote 'FOR' all proposals. The business combination is expected to close shortly after the special meeting, subject to stockholder approvals and other customary closing conditions.
Fold, the leading bitcoin rewards card provider, has expanded its collaboration with Visa to enhance its bitcoin rewards card programs. The partnership covers Fold's debit card program and upcoming credit card products, utilizing Visa's shared services and incentives. Fold has achieved significant milestones with over 600K customers and $2.5B in transaction volume, delivering more than $70 million in bitcoin rewards to customers.
The company operates within a comprehensive personal finance ecosystem, offering features like bitcoin purchases, early paycheck deposits, and automatic round-ups. Recently recognized by Forbes as the #1 debit card for bitcoin rewards, Fold aims to revolutionize the rewards market in an industry where credit and debit card volumes reach nearly $11 trillion in the US. The company holds $100 million in bitcoin treasury, recently secured a $30 million growth round led by ATW, and plans to become the first publicly-traded bitcoin financial services company on NASDAQ.
Fold, Inc. and FTAC Emerald Acquisition Corp. (OTC: FLDD) announced significant progress in their proposed business combination. The SEC has declared effective their Registration Statement on Form S-4 on January 23, 2025. A special meeting has been scheduled for February 12, 2025, where stockholders will vote on the business combination proposals.
Upon closing, the combined entity will be renamed to Fold Holdings, Inc. and is expected to re-list on Nasdaq under the ticker 'FLD'. Public stockholders have until February 10, 2025 (12:00 p.m. ET) to exercise their redemption rights. The FTAC board recommends stockholders vote 'FOR' all proposals.
FTAC Emerald Acquisition Corp. (Nasdaq: FLD) has scheduled a virtual Special Meeting of Stockholders for December 17, 2024, at 11:00 a.m. Eastern Time. The primary purpose is to vote on proposals facilitating the company's proposed business combination with Fold, Inc., including extending the completion deadline to December 20, 2025.
Stockholders of record as of November 13, 2024, will be eligible to vote. The company's Board unanimously recommends voting 'FOR' all proposals. According to President and CEO Bracebridge Young, Jr., they aim to complete the business combination with Fold early in 2025.
FTAC Emerald Acquisition Corp (NASDAQ: FLD) announced a ticker symbol change for its Common Stock to FLDD, effective December 18, 2024. As part of a procedural measure due to Nasdaq timing requirements, trading will temporarily transition to OTC Markets. This change won't affect the ongoing business combination with Fold, a bitcoin financial services company. The merger, unanimously approved by both boards, is expected to close in Q1 2025, resulting in relisting on Nasdaq.
The business combination remains subject to regulatory approvals, FTAC Emerald stockholder approval, and other customary closing conditions, including SEC Form S-4 effectiveness. Both companies' leadership expressed commitment to the merger, with Fold's CEO highlighting positive responses from shareholders and customers.