Why Fold Holdings, Inc. Class A Common Stock (FLD) Soared on Thursday

We recently published an article titled Micro-, Small-Cap Firms Dominate Market Rally. In this article, we are going to take a look at where Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD) stands against the other stocks.

The stock market pulled back to the red territory on Thursday, with all major indices posting significant losses as tariff threats continued to rattle investors.

The tech-heavy Nasdaq posted the largest loss, down 2.61 percent, followed by the S&P 500 with 1.78 percent, and the Dow Jones with 0.99 percent.

On Thursday, 10 micro and small-cap companies defied a broader market decline, with their share prices jumping by as much as double digits. One company stood out, soaring more than 300 percent during the session.

To come up with Thursday’s top performers, we considered the stocks with the highest day change performance.

A cryptocurrency wallet on a modern touchscreen device displaying a graph of the company’s assets.

Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD)

Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD) rallied for a third consecutive day on Thursday, adding 27.44 percent to close at $7.71 apiece as investors gobbled up shares in the company ahead of the cryptocurrency summit at the White House on Friday.

Investors seemed to have repositioned portfolios while looking for more concrete updates from the meeting.

Prior to his return to the White House, President Donald Trump already expressed support for the cryptocurrency industry, promising to establish a US cryptocurrency reserve under his term and make the asset a national priority. The cryptocurrencies to be included in the reserve so far were XRP, SOL, ADA, ETH, and BTC.

On the other hand, Fold Holdings, Inc. Class A Common Stock (NASDAQ:FLD), a bitcoin financial services company, recently purchased 10 additional Bitcoins to its portfolio at an average price of $87,500.

“FLD remains dedicated to integrating Bitcoin into our business and treasury strategy,” said FLD CEO Will Reeves. “Like our customers, we aim to take advantage of opportunities to add Bitcoin and expect to continue to build our treasury opportunistically going forward.”

Overall FLD ranks 6th on our list of Thursday’s top performers. While we acknowledge the potential of FLD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLD but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.