Come on, Crypto Friends! There's exciting news from the Bitcoin world! 🎉 Bitcoin reward app, Fold, has just filed an S-4 document with the SEC, the first step towards their IPO. This follows last July's announcement of a merger with FTAC Emerald Acquisition Corp.

- **Merger Details**: On July 24, 2024, FTAC Emerald and EMLD Merger Sub Inc. agreed to merge with Fold. Once approved, the new entity will remain listed on the Nasdaq under the ticker “FLD”. The merger is expected to close in the fourth quarter of 2024.

- **Investor Benefits**: FTAC Emerald shareholders will receive Fold shares worth $10.72 per share, with a total value between $365 million and $419.75 million, depending on the closing price of Bitcoin.

- **Expansion Plans**: Fold will expand their services, including BTC custody and trading programs, and add Bitcoin deposit options. They will also open access to the exchange for non-Fold cardholders and introduce an OTC desk for large transactions.

- **BTC Accumulation**: As of July 31, 2024, Fold has accumulated around 1,002 BTC, worth $63.2 million.

What do you think about Fold's move? Let's share in the comments! 🚀