Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 133

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 133
---
 generally accepted accounting principles and local tax laws, and certain one-time items.

<div align='center'>72</div>

Results of operations for the years ended December 31, 2024 and 2023

Results of operations

|                                                    |     | Year Ended December 31, |        2024 |   |     |   |       2023 |   |     |   |           $ 
      Change |   |     |     |      % 
 Change |   |
|:---------------------------------------------------|:----|:------------------------|------------:|:--|:----|:--|-----------:|:--|:----|:--|------------:|:--|:----|:----|-------:|:--|
| Revenues, net                                      |     | $                       |  23,753,148 |   |     | $ | 21,534,032 |   |     | $ |   2,219,116 |   |     |     |     10 | % |
| Operating expenses                                 |     |                         |             |   |     |   |            |   |     |   |             |   |     |     |        |   |
| Banking and payment costs                          |     |                         |  22,472,378 |   |     |   | 20,999,385 |   |     |   |   1,472,993 |   |     |     |      7 | % |
| Custody and trading costs                          |     |                         |     228,080 |   |     |   |    169,698 |   |     |   |      58,382 |   |     |     |     34 | % |
| Compensation and benefits                          |     |                         |   3,225,179 |   |     |   |  3,713,196 |   |     |   |    (488,017 | ) |     |     |    -13 | % |
| Marketing expenses                                 |     |                         |     493,900 |   |     |   |    436,920 |   |     |   |      56,980 |   |     |     |     13 | % |
| Professional fees                                  |     |                         |   1,855,131 |   |     |   |    421,218 |   |     |   |   1,433,913 |