Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 249

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 249
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--|-------------:|:----|:--|-------------:|
| Prepaid expenses    |     | $ |      509,547 |     | $ |      370,849 |
| Other receivables   |     |   |      177,528 |     |   |      133,892 |
| Interest receivable |     |   |           25 |     |   |        5,410 |
| Total               |     | $ |      687,100 |     | $ |      510,151 |

<div align='center'>F-19

Fold, Inc.

Notes to Financial Statements</div>

6. CUSTOMER REWARDS LIABILITY

A reconciliation, in the aggregate, of beginning
and ending balances of the Company’s customer rewards liability for the years ended December 31, 2024 and 2023 is as follows:

|                                                         |     | Customer Rewards 
 Liability        |            |   |
|:--------------------------------------------------------|:----|:-----------------|-----------:|:--|
| Balance at January 1, 2023                              |     | $                |  3,009,662 |   |
| Rewards earned by customers                             |     |                  |  4,076,144 |   |
| Rewards fulfilments                                     |     |                  | (5,412,727 | ) |
| Expired rewards                                         |     |                  |   (623,490 | ) |
| Remeasurement (gain) loss on customer rewards liability |     |                  |  4,283,795 |   |
| Balance at December 31, 2023                            |     | $                |  5,333,384 |   |
| Rewards earned by customers                             |     |                  |  2,168,475 |   |
| Rewards fulfilments                                     |     |                  | (3,948,545 | ) |
| Expired rewards                                         |     |                  |   (203,438 | ) |
| Remeasurement (gain) loss on customer rewards liability |     |                  |  5,219,775 |   |
| Balance at December 31, 2024                            |     | $                |  8,569,651 |   |

Rewards fulfillments represent amounts that were
distributed to customers to fulfill customer rewards obligations.

7. RELATED PARTIES

During the year ended December 31, 2024, the Company
entered into a SAFE with Thesis Inc.,