Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 279

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 279
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IR VALUE MEASUREMENTS (cont.) The following table summarizes the changes in fair value associated with Level 3 financial instruments held at the beginning or end of the periods presented:

|                                  |     | SAFEs |             |
|:---------------------------------|:----|:------|------------:|
| Balance at January 1, 2023       |     | $     |   8,727,540 |
| Proceeds from issuances of SAFEs |     |       |     500,000 |
| Change in fair value of SAFEs    |     |       |   1,374,005 |
| Balance at December 31, 2023     |     |       |  10,601,545 |
| Proceeds from issuances of SAFEs |     |       |  72,106,134 |
| Change in fair value of SAFEs    |     |       |  88,372,854 |
| Balance at December 31, 2024     |     | $     | 171,080,533 |

15. CUSTODY OF DIGITAL ASSETS We provide custody services on behalf of our customers through unrelated third -partyservice providers, who are qualified custodians. We do not own digital assets held in a custodial capacity on behalf of our customers. We maintain internal record keeping of those assets and are obligated to safeguard the assets. We do not hold the cryptographic key information on behalf of our customers. The qualified custodians used by Fold hold our customer cryptographic key information. We are not aware of any actual or possible safeguarding loss events requiring recognition under ASC 450 -20, Loss Contingencies,as of and for the years ended December 31, 2024 or 2023. The fair value of customer digital assets held by our qualified custodians totaled $13.9 million and $1.2 million at December 31, 2024 and 2023, respectively. These assets are not recorded in the Company’s balance sheets. Similarly, as the Company has an obligation to safeguard these assets, it has a corresponding unrecorded liability of $13.9 million and $1.2 million at December 31, 2024 and 2023, respectively. Since the risk of loss is remote, the Company did not record a contingent liability at December 31, 2024 or 2023. The Company has no reason to believe it will incur any expense associated with such potential liability because it