Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 265

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 265
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 December 31, 2024 consisted of a realized gain of $2.8 million and an unrealized gain of $32.1 million. The remeasurement gain of $4.2 million recognized on the digital assets balance for the year ended December 31, 2023 consisted of a realized gain of $0.2 million and an unrealized gain of $4.0 million.

F-20

Fold, Inc.
Notes to Financial Statements 5. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consisted of the following:

|                     |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:--------------------|:----|:--|-------------:|:----|:--|-------------:|
| Prepaid expenses    |     | $ |      509,547 |     | $ |      370,849 |
| Other receivables   |     |   |      177,528 |     |   |      133,892 |
| Interest receivable |     |   |           25 |     |   |        5,410 |
| Total               |     | $ |      687,100 |     | $ |      510,151 |

6. CUSTOMER REWARDS LIABILITY A reconciliation, in the aggregate, of beginning and ending balances of the Company’s customer rewards liability for the years ended December 31, 2024 and 2023 is as follows:

|                                                         |     | Customer  
 Rewards   
 Liability |            |   |
|:--------------------------------------------------------|:----|:----------|-----------:|:--|
| Balance at January 1, 2023                              |     | $         |  3,009,662 |   |
| Rewards earned by customers                             |     |           |  4,076,144 |   |
| Rewards fulfilments                                     |     |           | (5,412,727 | ) |
| Expired rewards                                         |     |           |   (623,490 | ) |
| Remeasurement (gain) loss on customer rewards liability |     |           |  4,283,795 |   |
| Balance at December 31, 2023                            |     | $         |  5,333,384 |   |
| Rewards earned by customers                             |     |           |  2,168,475 |   |
| Rewards fulfil