According to sources cited by Bloomberg, the Bitcoin rewards company Fold Inc. is in deep negotiations to go public through a blank check company founded by SPAC veteran Betsy Cohen. Sources indicate that the deal with FTAC Emerald Acquisition Corp. would value Fold at close to 500 million dollars. The transaction may be announced on Wednesday. Both Fold and SPAC representatives have declined to comment on the matter. This startup is one of several crypto companies preparing to go public in the United States as crypto assets are experiencing a resurgence following a series of collapses in the past two years. Bitcoin mining company Genesis Digital Assets is planning an initial public offering (IPO). Another crypto miner, Northern Data AG, which has now transformed into an artificial intelligence computing service provider, is also considering going public.

According to Bloomberg, the Bitcoin rewards company Fold Inc. is in deep negotiations to go public through a blank check company founded by SPAC veteran Betsy Cohen, as reported by sources familiar with the matter. Insiders suggest that the deal with FTAC Emerald Acquisition Corp. will value Fold at close to $500 million. The transaction may be announced on Wednesday. Both Fold and SPAC representatives have declined to comment on the matter. This startup is one of several crypto companies preparing to go public in the United States as crypto assets are experiencing a resurgence following a series of collapses in the past two years. Bitcoin mining company Genesis Digital Assets is planning an initial public offering (IPO). Another crypto miner, Northern Data AG, which has now transitioned into an artificial intelligence computing service provider, is also considering going public.

Bloomberg: Bitcoin rewards company Fold plans to go public through a SPAC