Company: FLDDW
Filing Date: 2025-01-22
Form Type: S-4/A
Source: 0001213900-25-005202
Chunk: 465

Company: Fold Holdings, Inc.
Filing Date: 2025-01-22
Form: S-4/A
Chunk 465
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 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, 
         2023 |     |   | December 31, 
         2022 |
|:-----------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Rewards treasury (USD)       |     | $ |    5,333,384 |     | $ |    3,009,662 |
| Investment treasury (USD)    |     |   |       82,631 |     |   |      177,264 |
| Total bitcoin treasury (USD) |     | $ |    5,416,015 |     | $ |    3,186,926 |

|                              |     | December 31, 
         2023 |     | December 31, 
         2022 |
|:-----------------------------|:----|-------------:|:----|-------------:|
| Rewards treasury (BTC)       |     |          126 |     |          182 |
| Investment treasury (BTC)    |     |            2 |     |           11 |
| Total bitcoin treasury (BTC) |     |          128 |     |          193 |

As of December31, 2023 and 2022, the Company held 128 and 193 bitcoin, respectively, with an aggregate cost of $3.3million and $5.1million, 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 December31, 2023 and 2022 is as follows:

|                                               |     | Rewards  
 Treasury |            |   |     | Investment 
 Treasury   |            |   |     | Digital 
 Assets  |            |   |
|:----------------------------------------------|:----|:---------|-----------:|:--|:----|:-----------|-----------:|:--|:----|:--------|-----------:|:--|
| Bitcoin held at January 1, 2022               |     | $        |  4,563,667 |   |     | $          |  2,909,166 |