Bitcoin-only Firm Fold Files S-4 with SEC to Go Public, Serving 574,000 Accounts, Holding 1,000+ Bitcoins

Oct 8, 2024, 12:39 AM

Fold, a US-based Bitcoin-only financial services company founded in 2019, has filed an S-4 registration statement with the U.S. Securities and Exchange Commission (SEC), indicating its intention to go public through an initial public offering (IPO). The company holds over 1,000 Bitcoins in its corporate treasury. Fold offers a debit card that allows users to earn Bitcoin rewards on their daily spending, turning everyday purchases into Bitcoin accumulation. The company's model has gained significant traction, attracting over 574,000 accounts and reflecting substantial growth and adoption of its Bitcoin rewards program.