Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 326

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 326
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 Card” tab of the Fold app and selecting the gift card they wish to purchase. From there, users are prompted to complete the transaction by either entering a personal debit or credit card or utilizing the current USD balance in their Fold account. Rewards •Users can access their earned rewards by selecting the “Reward” tab in the Fold app. From that tab, users can review their earned reward history and withdraw their eligible rewards. To withdraw rewards, users select the “SEND” button and are prompted to enter their personal bitcoin wallet address in the “SEND TO” field. All reward balances are denominated in bitcoin. Daily Spin Wheel •Users can take advantage of Fold’s Daily Spin Wheel by navigating to the “Rewards” tab, selecting “Spin the Wheel,” and either tapping the wheel to spin, or swiping right on the option to spin all available spins. The Daily Spin Wheel includes a variety of prize “wedges”, all of which are comprised of varying amounts of bitcoin/sats (ex. 5 sats, 10 sats, 25 sats, 1 bitcoin, etc.). These wedges vary from time to time at the Company’s discretion. When a user spins the wheel and lands on one of these wedges, the resulting bitcoin is immediately applied to their bitcoin Rewards balance. Those rewards can be accessed and withdrawn in the same manner as all other bitcoin rewards earned by a user on the Fold app (see “Rewards Network” on page 194 for further details). Account Settings •Users can manage their account settings from the “Home” tab, including their subscription plan, their profile details, their referral program information, and other relevant administrative actions. Future Products Fold’s internal survey data suggests that Fold’s customers are interested in an expanded suite of bitcoin financial services, including credit cards, loans, interest -bearingaccounts, business accounts and joint accounts. Select survey data around customer interests include: •64% of Fold’s customers want access to bitcoin financial services (e.g., the ability to save, invest and spend using bitcoin) •46% of Fold’s customers want access to credit & loans •84% of Fold’s customers are interested in a business account •87% of Fold’s customers currently engage in two or more products Based on this data and our monitoring of market trends, Fold continually evaluates opportunities to expand our existing product lineup and cross sell into our existing products. We expect to continue to expand our consumer financial services offerings over the near term. 198

Industry Overview Bitcoin Introduced in 2008, bitcoin