Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 151

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 151
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 substantial growth opportunities, stakeholders must navigate
various risks and challenges to remain competitive and compliant in this dynamic landscape. Continuous innovation, robust risk management,
and adherence to regulatory standards are essential for sustained success.

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. Recently launched 
 spot bitcoin ETFs sponsored by large financial service firms have seen significant inflows, introducing bitcoin to a large pool of new  
 investors and further legitimizing bitcoin as an asset appropriate for institutions.                                                    |

| ● | 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 to become increasingly 
 favorable for our industry.                                                                                                                 |

| ● | Monetary Policy: Central bank monetary policies, especially in terms of interest rates and quantitative                                
 easing, can influence bitcoin adoption. Low interest rates 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., bitcoin’s                         
 Lightning Network), and enhanced security protocols can increase bitcoin adoption and integration into various financial systems. |

We expect each of the above,
among other factors, to contribute to the pace of acceptance of bitcoin and an increase in the addressable market for our products and
services. The timing of these events as well as the potential occurrence of other unforeseeable events that impact our industry is uncertain
and may have a direct impact on our business.

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Our Customers

Fold caters to one of the most
valuable customer segments in the world. Our current core customer demographic is just entering their financial prime (83% are between
25-54 years old) with a strong financial