Thesis*-Backed Fold Celebrates First Bitcoin Financial Services Listing on Nasdaq with Opening Bell Ceremony
Rhea-AI Summary
Fold (NASDAQ: FLD), the leading Bitcoin rewards and payments platform, celebrated its public listing by ringing the Nasdaq Opening Bell at Times Square. The company, which began trading as $FLD on February 19th, 2025, represents a significant milestone in bringing Bitcoin into mainstream financial services.
Originally part of Thesis*, a venture studio focused on Bitcoin products, Fold has evolved into a market-leading consumer platform serving hundreds of thousands of users who earn Bitcoin rewards through everyday purchases, debit card usage, and merchant integrations. CEO Will Reeves emphasized the company's role in transforming Bitcoin from a speculative asset to a practical financial tool.
Positive
- First Bitcoin financial services company to list on Nasdaq, marking mainstream acceptance
- Established user base of hundreds of thousands of customers
- Successfully transitioned from venture-backed to public company status
- Strong market position as leading Bitcoin rewards and payments platform
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, FLD gained 18.14%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The listing marks a major milestone for Thesis* as it continues to pioneer Bitcoin-native financial innovation, aimed at providing access to crypto products to average consumers
"Ringing the bell at Nasdaq is a celebration of the journey from Bitcoin's edges to the heart of global finance," said Will Reeves, CEO of Fold. "We're proud to represent the everyday use of Bitcoin in a market long dominated by speculation."
Fold was the original Thesis* company, a venture studio focused on building foundational products for Bitcoin's future. Since its spin-off, Thesis* has continued to support Fold and contribute to its journey from a bold idea to a market-leading consumer platform.
The event was attended by members of Fold's leadership team, early employees, and long-time community supporters. The bell-ringing ceremony was livestreamed globally and broadcast across the Nasdaq tower screens in Times Square.
Fold began trading under the ticker symbol $FLD on February 19th, 2025, following its transition to the public markets. The company has grown rapidly, with hundreds of thousands of users earning Bitcoin rewards through everyday purchases, debit card use, and merchant integrations.
The bell ceremony underscores Fold's commitment to mainstreaming Bitcoin through tangible utility, intuitive design, and consumer-first products.
About Fold
Founded in 2019, Fold is a leading bitcoin financial services company dedicated to expanding access to bitcoin investment opportunities through premium financial products. By integrating bitcoin into everyday financial services, Fold aims to make the American Dream available to more people. For more information, visit www.foldapp.com.
About Thesis*
Thesis* is a pioneering venture studio dedicated to building on Bitcoin. Since 2014 Thesis has committed to building solutions focused on empowering individuals and communities through the creation of market-leading products including Fold, Mezo, tBTC, Acre and Taho in its core portfolio of brands. Thesis* continues to challenge traditional systems, driven by innovation and a belief in a sovereign digital future shaping the decentralized landscape one project at a time. To learn more, please visit: https://thesis.co/
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SOURCE Thesis*
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