Fold, Inc., a leading bitcoin financial services provider, and FTAC Emerald Acquisition Corp., a special purpose acquisition company, have announced a definitive merger agreement. This landmark deal will see Fold listed on NASDAQ, further solidifying its position as a trailblazer in integrating bitcoin into everyday financial services. Since its inception in 2019, Fold has processed over $2 billion in transactions and awarded $45 million in bitcoin rewards, exemplifying its commitment to making bitcoin accessible to all.

CEO Will Reeves of Fold and Bracebridge Young, Jr., President of FTAC Emerald, are both enthusiastic about the merger’s potential to democratize wealth building. The transaction, which is set to finalize in Q4 2024, values Fold at $365 million pre-money and anticipates over 1,000 BTC on its balance sheet post-transaction. This move is expected to accelerate Fold’s growth, leveraging its innovative bitcoin rewards program and expanding its financial services suite.

Post-merger, Fold aims to enhance its offerings with credit, lending, and insurance solutions, directly aligning with bitcoin’s growth trajectory. The combined company will be steered by Fold’s existing management, ensuring continuity in vision and strategy, as they aim to broaden access to bitcoin-powered financial solutions.