The Nasdaq Opening Bell ceremony on May 2, 2025, witnessed Fold, a US-based financial firm, launching its IPO. This marks the first time a publicly traded company in the U.S. offers Bitcoin-focused services. Following this significant milestone, Fold’s stock price surged by over 18%, reaching $4.67 at press time on Friday. The positive response from investors was attributed to Fold’s innovative business model, where users earn Bitcoin rewards through purchases using credit card transactions. Upon completion of a transaction, the cashback is transferred to the user’s wallet for immediate withdrawal. Fold has also built strategic partnerships with Visa for global expansion into Europe, Latin America, and Asia-Pacific.