Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 333

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 333
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 |   |     |            |  43,965,525 |   |     |         |  43,965,525 |   |
| Disbursements of bitcoin                          |     |          |   (715,814 | ) |     |            |           — |   |     |         |    (715,814 | ) |
| Remeasurement gain (loss) on bitcoin              |     |          | (1,010,586 | ) |     |            | (15,617,152 | ) |     |         | (16,627,738 | ) |
| Bitcoin held at March 31, 2025                    |     | $        |  7,365,544 |   |     | $          | 122,957,753 |   |     | $       | 130,323,297 |   |

____________ (1) The bitcoin received from the March 2025 Investor Note is net of prepaid interest. Refer to Note 10 for additional details. Disbursements of bitcoin represent amounts that were distributed to customers to fulfill customer rewards obligations and satisfy other current liabilities.

F-67

Fold Holdings, Inc.
Notes to Unaudited Condensed Financial Statements 5. DIGITAL ASSETS (cont.) The remeasurement loss of $ 16.6million recognized on the digital assets balances for the three months ended March 31, 2025 consisted of a realized gain of $ 0.5million and an unrealized loss of $ 17.1million. The remeasurement gain of $ 3.5million recognized on the digital assets balance for the three months ended March 31, 2024 consisted of a realized gain of $ 0.9million and an unrealized gain of $ 2.6million.

6. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following:

|                     |     |   | March 31, 
      2025 |     |   | December 31, 
         2024 |
|:--------------------|:----|:--|----------:|:----|:--|-------------:|
| Prepaid interest    |     | $ | 2,168,259 |     | $ |            — |
| Prepaid expenses    |     |   | 1,619,851 |     |   |      509,547 |
| Other receivables   |     |   |