Company: FLDDW
Filing Date: 2025-07-11
Form Type: S-1
Source: 0001213900-25-062935
Chunk: 167

Company: Fold Holdings, Inc.
Filing Date: 2025-07-11
Form: S-1
Chunk 167
---
 U.S. Treasury rate corresponding to the applicable time to liquidity. Recent accounting pronouncements See “Recent accounting pronouncements” described in Note 2, Summary of Significant Accounting Policieswithin Notes to the Financial Statements. 99 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Macroeconomic trends impacting our market The following macroeconomic factors as they relate to bitcoin specifically impact our business: • Awareness: The perception of bitcoin as a legitimate and secure asset class and technology by the general public plays a crucial role. The pace and effectiveness of continued education and awareness will impact adoption rates. • Regulation: The global regulatory landscape for bitcoin, including clarity around legal status, accounting and tax treatment, and other compliance requirements will significantly impact its growth. Favorable regulations can encourage adoption, while restrictive measures can hinder it. • Institutional Adoption: Increased participation by institutional investors, including hedge funds, mutual funds, corporations, and nation states can drive market confidence and liquidity, supporting continued growth. • Political environment: Bitcoin has entered the political conversation in the United States and abroad. As a global leader in innovation and new technologies, we anticipate the United States political environment will become increasingly favorable for our industry. • Monetary Policy: Central bank monetary policies, especially those related to interest rates and monetary supply, can influence bitcoin adoption. Low -interestrates and expansive monetary policies that lead to currency debasement often lead to a search for alternative investments like bitcoin. • Technological innovation: Advances in blockchain technology, improvements in scalability (e.g., Lightning Network), and enhanced security protocols can increase bitcoin adoption and integration into various financial systems. Bitcoin market price risk Our bitcoin treasury assets and customer rewards liability are measured using observed prices from active exchanges which could result in volatility in our financial results in future periods. Adjustments are recorded in net income through “gain (loss) on digital assets” and “gain (loss) on customer reward liability” on the statements of operations. Therefore, negative swings in the market price of bitcoin could have a material impact on our earnings and on the carrying value of our digital assets. 100 BUSINESS Company Overview Founded in 2019, Fold is a pioneering bitcoin financial services company dedicated to expanding access to bitcoin through a comprehensive suite of consumer financial products. Fold was formed with the goal of creating a modern financial services platform that allows consumers to accumulate, save, and use bitcoin to accomplish their daily and long -termfinancial goals. Fold offers consumers an FDIC insured checking account, a Visa prepaid debit card, bill payments, and an