Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 264

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 264
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 with customers.

F-19

Fold, Inc.
Notes to Financial Statements 4. DIGITAL ASSETS The Company holds digital assets, comprised solely of bitcoin, for two purposes: (1) to fulfill bitcoin rewards to customers in accordance with the terms and conditions of the Fold Rewards Program (“Rewards Treasury”); and (2) as a treasury asset with the intention to hold as a long -terminvestment (“Investment Treasury”). The Company purchases bitcoin for its Rewards Treasury to maintain a balance that is equal to or greater than its customer rewards liability and disburses bitcoin from its Rewards Treasury when customers redeem their rewards and the liability is satisfied. The following is a summary of Fold’s bitcoin held in treasury as of the dates shown:

|                              |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Rewards treasury (USD)       |     | $ |    8,569,651 |     | $ |    5,333,384 |
| Investment treasury (USD)    |     |   |   93,568,700 |     |   |       82,631 |
| Total bitcoin treasury (USD) |     | $ |  102,138,351 |     | $ |    5,416,015 |

|                              |     | December 31, 
         2024 |     | December 31, 
         2023 |
|:-----------------------------|:----|-------------:|:----|-------------:|
| Rewards treasury (BTC)       |     |           92 |     |          126 |
| Investment treasury (BTC)    |     |        1,002 |     |            2 |
| Total bitcoin treasury (BTC) |     |        1,094 |     |          128 |

As of December 31, 2024 and 2023, the Company held 1,094 and 128 bitcoin, respectively, with an aggregate cost of $67.9 million and $3.3 million, respectively. A reconciliation, in the aggregate, of beginning and ending balances of the Company’s current and long -termdigital assets held as of and for the years ended December 31, 2024 and 2023 is as follows:

|                                                   |     | Rewards  
 Treasury |            |   |