Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 5

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 5
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 the estimated
exchange rate of the transaction, and any applicable transaction fees. If a user does not wish to continue with the purchase at the confirmation
screen, they can use the back button to leave the page and the spot buy will not be executed. If the user wishes to proceed with the
transaction on the basis of the terms displayed, the user can select the “Confirm Purchase” button to execute the spot buy.
As soon as the spot buy is confirmed by the user, a series of automated API requests is sent to Fold’s Bitcoin Service Providers
requesting to complete the trade. The Bitcoin Service Providers then process the trade using their own technology and liquidity partners.
If a processing error is encountered in any step, whether at Fold or at the Bitcoin Service Provider, the purchase is considered failed
and the USD is returned to the user’s account. Once Fold receives a success notification from our Bitcoin Service Provider via
API, the bitcoin becomes visible in the user’s app and they receive a purchase confirmation email with the final details of the
transaction.

3

●Recurring Trades: This feature, referred to
as “Auto Stack” within the Fold app, allows users to purchase a specific USD amount of bitcoin at a specified recurring interval.
To set up this purchase type a user first selects the Auto Stack option in the Bitcoin tab of the Fold app and toggles that option to
“On”. Users are then prompted to select from 3 recurring intervals — Daily, Weekly, or Monthly — and
are advised that their first purchase will execute at the time they set up this feature with all subsequent recurring purchases taking
place at the time interval selected by the user. All Auto Stack trades are executed via the API flow to our Bitcoin Service Providers
described in the “Spot Buys” section above. To turn this feature off, users can navigate to the Auto Stack option in the
Bitcoin tab of the Fold app and toggle that option to “Off”. This action immediately disables all future Auto Stack purchases.

●Direct Deposits: This feature, referred to as
“Direct to Bitcoin” within the Fold app, allows users to automatically convert a percentage of all incoming USD deposits
into bitcoin. To set up this purchase type a user first selects the Direct to Bitcoin option in the Bitcoin tab of the Fold app and toggles
that option to “On”. Users are then prompted to choose what percentage of their deposits they wish to convert into bitcoin
using this feature and can select any percentage from 1%