Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 259

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 259
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 |   |
| Shares nonvested at December 31, 2023 |     |      | 1,540,976 |   |     |      |  150,458 |   |
| Granted                               |     |      | 1,006,582 |   |     |      |        - |   |
| Vested                                |     |      |         - |   |     |      | (129,533 | ) |
| Forfeited                             |     |      |    (4,750 | ) |     |      |        - |   |
| Shares nonvested at December 31, 2024 |     |      | 2,542,808 |   |     |      |   20,925 |   |

Note that while certain RSUs have met the service
condition, no RSUs have met the performance condition, and are therefore not included in common shares issued and outstanding as of December
31, 2024 or 2023.

<div align='center'>F-24

Fold, Inc.

Notes to Financial Statements</div>

12. COMMITMENTS AND CONTINGENCIES

401(k) Plan

We sponsor a 401(k) defined contribution plan
covering all eligible U.S. employees. Both Company and employee contributions to the 401(k) plan are discretionary. For each of the years
ended December 31, 2024 and 2023, we recorded $0.1 million of expenses related to the 401(k) plan, which is included in compensation and
benefits in the accompanying statements of operations.

Litigation

The Company was not a party of any ongoing or
pending litigation as of December 31, 2024 or 2023 and accordingly, has not made any accrual related to legal proceedings in the Company’s
balance sheets.

13. INCOME TAXES

Income tax (benefit) expense consists of:

|                              |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Federal current tax expense  |     | $ |            - |     | $ |            - |
| State current tax expense    |     |   |        7,400 |     |   |       10,242 |
| Total current tax expense    |     |   |        7,400