Fold Holdings, a Bitcoin-only financial services company, has gone public on the Nasdaq stock exchange, marking a significant milestone as the first firm of its kind to do so. The company, which operates under the ticker symbols $FLD and $FLDDW, completed its merger with FTAC Emerald Acquisition Corp., a special purpose acquisition company (SPAC). Fold debuted with shares initially surging over 30% from an initial price of $13 before settling back to $11. The firm holds over 1,000 BTC on its balance sheet, adding to the growing presence of Bitcoin among publicly-listed companies. Fold's public listing is seen as a test case for Bitcoin-native businesses in traditional financial markets, with the company aiming to expand access to Bitcoin-based financial services. In the last nine months, Fold reported $15 million in revenue, a $6 million loss from operations, and raised $28.7 million in a growth round.