Yesterday morning about an hour before the US Stock Market opening news broke that Fold Inc. (formerly Fold App), the BTC rewards debit card, had entered an agreement with SPAC FTAC Emerald Acquisition Corp to go public via reverse merger! It was only a couple of years ago when every company you could think of was going public via a SPAC however after most of those mergers crashed and burned after the fact the whole idea of going this route to take companies public died down a lot. One of the few recent success stories would be Donald Trump's Truth Social. When a SPAC is launched the shares for it are sold at $10 a piece so anything above that the company is up and Trump Media and Technologies Corp is currently trading at roughly $31 a share.  

This year Fold, in the Public Eye, has taken off. I have met and talked with people who think they are a flash-in-the-pan kind of operation but Fold has been around for quite some time and I started using them back in 2020! At that time they did not even offer a debit card instead they just sold gift cards that you would pay with your debit or credit card and receive sats back and wheel spins. So so much has changed since those days as they now offer the ability to buy BTC directly through them, have your paycheck deposited into your Fold account and swapped into BTC, set up automated BTC buys, and even pay your rent or mortgage with the card! 

Fold's news of going public is huge for a few reasons.

• First and foremost Fold will be the first BTC-powered Pureplay financial services company... aka there is no one like them on the stock market
• Fold is also reasonably valued something that plagued the first wave of SPAC deals. With a pre-money equity valuation of $365 million and Fold's Treasury holding 1,000 BTC, the valuation is solid. 
• The SEC will have access to the company books. I know a lot of people will hate this but when the SEC looks and sees nothing is wrong that there are no suspicious transactions Gary Gensler dies a little inside. 
• Fold does not have to take on debt with this move and is able to take the proceeds from this deal and invest it back into their Treasury and operations as they continue to work on launching a Credit Card! 
• With a different segment of the BTC industry going public the industry is further developing in terms of what stock market investors look for
• Going public further gets Fold's name out there while at the same time doesn't cost them a dollar in advertising! 

Since 2019 Fold has had over $2 billion in transactional value with $45 million in BTC rewards distributed. They also continue to have what I would call one of if not the best BTC referral systems out there. Fold calls it your Spin Squad and if anyone signs up with your referral link (here is mine) they get 20,000 sats with their first Fold Card purchase. The Fold Card is free so all you have to do is sign up for it add some money to it and purchase a gift card, groceries, whatever you want and BAM you earn 20k sats and I earn 10k. From there you will then get your own referral code and be able to build your own Spin Squad! 2024 is looking to be the year that Fold straps itself into the rocket to launch into 2025 on a tear! 

Again if you haven't signed up for a FREE Fold Card and want a quick way to earn 20k sats just click on my link here and follow the steps to set it up and start your own Spin Squad! 

Please know I am not a financial advisor and make sure you do your own research! If you enjoyed this article and would like to support me further below are a few referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_

BlazeStake

Have SOL you want an easy place stake and also be eligible for upcoming airdrops? Use my referral link here and join the protocol to be able to claim your portion of upcoming airdrops! 

Stacker News

Earn Sats on your posts on Stacker News with my referral link here! Comment on this post to let me know you signed up and what your username is on Stacker News so I can zapp you some sats! 

Fold App

Offers daily wheel spins to win free sats daily! If you sign up for Fold with my link here you will get 20,000 sats for free!  

Robinhood

Robinhood is offering an excellent signup deal if you use my link here where we will both be awarded free stock. All that you have to do is sign up and connect your bank account for the award! With commission-free crypto trading and the ability to set limit orders, it is a great hybrid offering in my opinion! Not to forget the addition of wallets and the ability to send and receive crypto!

Unstoppable Domains

Sign up using my link here and get a free $10 credit towards your first $40+ purchase!