Company: FLDDW
Filing Date: 2025-07-11
Form Type: S-1
Source: 0001213900-25-062935
Chunk: 132

Company: Fold Holdings, Inc.
Filing Date: 2025-07-11
Form: S-1
Chunk 132
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 in Transaction Volume through our platform. For the year ended December 31, 2024, we averaged $54.8 million in monthly Transaction Volume. Bitcoin treasury Fold’s purpose for holding bitcoin in treasury is twofold: (1) to fulfill bitcoin rewards to customers in accordance with the terms and conditions of Fold’s user agreements (“Rewards Treasury”); and (2) as a treasury asset with the intention to hold as a long term investment (“Investment Treasury”). The following is a summary of Fold’s bitcoin held in treasury as of the dates shown:

|                              |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Rewards treasury (USD)       |     | $ |    8,569,651 |     | $ |    5,333,384 |
| Investment treasury (USD)    |     |   |   93,568,700 |     |   |       82,631 |
| Total bitcoin treasury (USD) |     | $ |  102,138,351 |     | $ |    5,416,015 |

|                              |     | December 31, 
         2024 |     | December 31, 
         2023 |
|:-----------------------------|:----|-------------:|:----|-------------:|
| Rewards treasury (BTC)       |     |           92 |     |          126 |
| Investment treasury (BTC)    |     |        1,002 |     |            2 |
| Total bitcoin treasury (BTC) |     |        1,094 |     |          128 |

During the months ended June 30, 2024 and July 31 2024, we entered into various capital raising transactions to acquire bitcoin for our Investment Treasury. As of December 31, 2024, we held approximately 1,094 BTC in our Bitcoin Treasury which had a market value of $102.1 million based on the market price of one bitcoin on the Coinbase exchange at 11:59:59 p.m. UTC time on December 31, 2024, which was approximately $93.4 thousand. Key components of results of operations Revenue Banking and payments revenue Fold is a financial services platform and not a chartered bank. Our banking and payments revenues consist of revenues received