Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 350

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 350
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:

|                                          |     | As of     
 March 31, 
 2025      |            |   |     | As of        
 December 31, 
 2024         |
|:-----------------------------------------|:----|:----------|-----------:|:--|:----|:-------------|
| Risk-Free Rate (continuously compounded) |     |           |       3.89 | % |     | —            |
| Fold Volatility (Annual)                 |     |           |      92.29 | % |     |              |
| Bitcoin Volatility (Annual)              |     |           |      60.53 | % |     | —            |
| Note Term                                |     |           | 5.00 Years |   |     | —            |
| Fold Stock Price                         |     | $         |       6.20 |   |     | —            |
| Bitcoin Price                            |     | $         |  82,548.91 |   |     |              |
| Correlation (Fold and Bitcoin)           |     |           |     0.3737 |   |     |              |
| Conversion price                         |     | $         |      12.50 |   |     | —            |
| Dividend Yield (Annual)                  |     |           |       0.00 | % |     | —            |

16. CUSTODY OF DIGITAL ASSETS We provide custody services on behalf of our customers through unrelated third -partyservice providers, who are qualified custodians. We do not own digital assets held in a custodial capacity on behalf of our customers. We maintain internal record keeping of those assets and are obligated to safeguard the assets. We do not hold the cryptographic key information on behalf of our customers. The qualified custodians used by Fold hold our customer cryptographic key information. We are not aware of any actual or possible safeguarding loss events requiring recognition under ASC 450 -20, Loss Contingencies, as of and for the three months ended March 31, 2025 or year ended December 31, 2024.

F-77

Fold Holdings, Inc.
Notes to Unaudited Condensed Financial Statements 16. CUSTODY OF DIGITAL ASSETS (cont.) The fair value of customer digital assets held by our qualified custodians totaled $ 17.2million and $ 13.9million at March 31, 2025 and December 31, 2024