Fold Holdings initiated with a Buy at H.C. Wainwright

H.C. Wainwright analyst Kevin Dede initiated coverage of Fold Holdings (FLD) with a Buy rating and $7 price target Fold is a bitcoin-centric, bank-like financial services platform that applies bitcoin to credit-debit card use among other reward programs, the analyst tells investors in a research note. The firm sees Fold “gaining mind share” and says its newly public status “only bolsters credibility.”