Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 352

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 352
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 gains (losses) resulting from the remeasurement in fair value of Revenue Rewards and Marketing Rewards denominated in bitcoin in the current reporting period, as well as realized gains (losses) that occur upon the fulfillment of Rewards. Management has determined that gains or losses on digital assets held for purposes of fulfilling Rewards are related to its core operations, and therefore will classify all gains and losses on the remeasurement of this liability as an operating income or expense in its financial statements. Gain (loss) on digital assets — rewards treasury Gain (loss) on digital assets — rewards treasury includes components of unrealized gains (losses) resulting from the remeasurement in fair value of bitcoin held by Fold in our Rewards Treasury in the current reporting period as well as realized gains (losses) that occur upon the fulfillment of Rewards. Management has determined that gains or losses on digital assets held for the purposes of rewards redemptions are related to its core operations, and therefore will classify all gains and losses on the remeasurement of these digital assets as an operating income or expense in its financial statements. Other selling, general and administrative expenses Other selling, general and administrative expenses consist primarily of costs associated with contract labor, computer and internet, dues and subscriptions, and travel. Other income (expense) Gain (loss) on digital assets — investment treasury Gain (loss) on digital assets — investment treasury includes components of unrealized gains (losses) resulting from the remeasurement in fair value of bitcoin held by Fold with the intention to hold as a long -terminvestment in the current reporting period. Management has determined that gains or losses on digital assets held as a long -terminvestment are not related to its core operations, and therefore will classify all gains and losses on the remeasurement of these digital assets as a non -operatingincome or expense in its financial statements. Change in fair value of SAFEs Change in fair value of SAFEs results from unrealized gain or loss due to the change in fair value of SAFEs. Other income Other income primarily consists of interest income earned on cash and cash equivalents. Income tax expense The provision for income taxes consists primarily of federal, state and local tax. Our effective tax rate fluctuates from period to period due to changes in the mix of income and losses in jurisdictions with a wide range of tax rates, changes resulting from the amount of recorded valuation allowance, permanent differences between U.S. generally accepted accounting principles and local tax laws, and certain one -timeitems. 221

Results of operations for