Interpretation of the stock price of Bitcoin concept stock Fold once soared by more than 30% on the first day of listing

Bitcoin rebate application Fold Holdings (FLD) was successfully listed on Nasdaq on Wednesday. The stock price soared by more than 30% on the first day, breaking through the $13 mark, and then fell slightly to around $11, with impressive market performance.

Fold's listing was achieved through a merger with FTAC Emerald Acquisition Corp. (FTAC).

Fold has become the latest listed company to hold Bitcoin assets, joining the "Bitcoin Concept Stock" camp with companies such as MicroStrategy (formerly known as Strategy), Semler Scientific and Metaplanet.

The public financial statements show that Fold currently holds 1,000 bitcoins, which is worth approximately US$96 million based on the current market price.

The above is the detailed content of Interpretation of the stock price of Bitcoin concept stock Fold once soared by more than 30% on the first day of listing. For more information, please follow other related articles on the PHP Chinese website!