Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 248

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 248
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 | $                   |     82,631 |   |     | $              |   5,416,015 |   |
| Purchases of bitcoin                              |     |                  |  1,748,204 |   |     |                     |    132,359 |   |     |                |   1,880,563 |   |
| Proceeds from SAFE financings received in bitcoin |     |                  |          - |   |     |                     | 64,106,134 |   |     |                |  64,106,134 |   |
| Disbursements of bitcoin                          |     |                  | (4,040,111 | ) |     |                     |          - |   |     |                |  (4,040,111 | ) |
| Proceeds from sale of bitcoin                     |     |                  |   (104,868 | ) |     |                     |          - |   |     |                |    (104,868 | ) |
| Remeasurement gain (loss) on bitcoin              |     |                  |  5,633,042 |   |     |                     | 29,247,576 |   |     |                |  34,880,618 |   |
| Bitcoin held at December 31, 2024                 |     | $                |  8,569,651 |   |     | $                   | 93,568,700 |   |     | $              | 102,138,351 |   |

Disbursements of bitcoin represent amounts that
were distributed to customers to fulfill customer rewards obligations and satisfy other current liabilities.

The remeasurement gain of $34.9 million recognized
on the digital assets balance for the year ended December 31, 2024 consisted of a realized gain of $2.8 million and an unrealized gain
of $32.1 million. The remeasurement gain of $4.2 million recognized on the digital assets balance for the year ended December 31, 2023
consisted of a realized gain of $0.2 million and an unrealized gain of $4.0 million.

5. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted
of the following:

|                     |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:--------------------|:----|: