Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 328

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 328
---
 per year, which ensures by design the purchasing power of dollars will continue to decrease over time. Although there can be no assurance of bitcoin’s performance, over the same period, bitcoin increased from almost $0 to more than $60,000 per bitcoin, finishing as one of the best performing assets over such period. With a fixed supply of 21,000,000, we believe bitcoin provides an opportunity for increased purchasing power over time with continued adoption and demand. As an example, based on data from the Federal Reserve Bank of St. Louis, the median price of owning a single -familyhome in the first quarter of 2016 was $290,000, or 690 bitcoin, compared to $329,000, or 46 bitcoin, in the first quarter of 2020 and $420,800, or 10 bitcoin in the first quarter of 2024. 202 According to a report by Nasdaq, dated as of January2, 2023, 50% of Americans have no savings or less savings than prior years, based on Nasdaq’s report “Americans do not have enough savings.”, According to a poll by the Wall Street Journal, 64% of Americans believe the “American Dream” is no longer possible. We believe bitcoin offers a new path to financial empowerment. By integrating bitcoin into everyday financial services, Fold aims to make the American Dream available to more people. Through Fold’s core financial services products, we help our customers increase their purchasing power and wealth creation through bitcoin rewards and traditional bitcoin exchange services. Differentiating with Bitcoin Rewards Fold has built a leading bitcoin rewards program and was recognized by as the best crypto rewards debit card for maximizing bitcoin rewards by Forbes in August 2024. We believe bitcoin rewards can be a potential game -changerin the loyalty program landscape, which already engages 80% of Americans. Popular traditional rewards programs, like Delta’s airline miles program, process nearly 1% of the US GDP and Starbucks’ Rewards Program has over 33million members and grew 7% over the last year. However, traditional rewards are often tied to specific ecosystems and frequently lose value over time. In contrast, bitcoin rewards offer the potential for value appreciation of the rewards customers receive. We believe offering rewards that have potential to grow in value differentiates Fold from traditional loyalty programs and positions Fold at the forefront of what we believe will be a new financial service trend. As of June30, 2024, we have distributed nearly $20million in bitcoin rewards — the value of which as