Company: FLDDW
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001213900-25-026537
Chunk: 121

Company: Fold Holdings, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 121
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:-----------------------------|:----|:----|-------------:|:----|:----|-------------:|
| Rewards treasury (BTC)       |     |     |           92 |     |     |          126 |
| Investment treasury (BTC)    |     |     |        1,002 |     |     |            2 |
| Total bitcoin treasury (BTC) |     |     |        1,094 |     |     |          128 |

During the months ended June 30, 2024 and July 31 2024, we entered into various capital raising transactions to acquire bitcoin for our Investment Treasury. As of December 31, 2024, we held approximately 1,094 BTC in our Bitcoin Treasury which had a market value of $102.1 million based on the market price of one bitcoin on the Coinbase exchange at 11:59:59 p.m. UTC time on December 31, 2024, which was approximately $93.4 thousand. Key components of results of operations Revenue Banking and payments revenue Fold is a financial services platform and not a chartered bank. Our banking and payments revenues consist of revenues received from our Fold Debit Card and related product features, including:

| ● | Fold+ Subscriptions: Fold’s premium membership tier, called “Fold+”, offers users                                                     
 reduced or no fees on eligible products, higher rewards, and access to limited features. Fold+ costs $100/year or $10/month depending 
 on the customer’s payment frequency selection.                                                                                        |

| ● | Interchange: Every time a Fold user makes a payment using their Fold Debit Card, Fold earns a share                                       
 of the total interchange fee charged on that transaction. Interchange fees are set by the card network (Visa) and charged as a percentage 
 of the total sale. The amount of interchange earned by Fold is dependent on a wide variety of factors, including whether the transaction  
 is processed in- or out-of-network, the merchant and their assigned merchant category code (“MCC Code”), and the type of purchase         
 being made (signature v PIN debit transaction), among other variables. Interchange rates are subject to change by the card network (Visa) 
 at any time.                                                                                                                              |

| ● | Transaction Fees: Certain fees are charged to our cardholders depending on their membership tier                                          
 or the nature of the transaction. These fees primarily include instant transfer fees, international transaction fees, and ATM fees. These 
 fees are stated as either