Bitcoin rewards app Fold has filed an S-4 with the U.S. Securities and Exchange Commission (SEC), initiating an initial public offering (IPO).

- In July, it announced plans to go public through a merger with FTAC Emerald Acquisition Corp.

- The merger is expected to close in the fourth quarter of 2024.

- FTAC Emerald shares will be converted into Fold shares.

Fold plans to expand its services, including bitcoin storage and trading programs, and introduce new options for users.