Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 154

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 154
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As of December 31, 2024, Fold
has accumulated more than 1,000 bitcoin in our Investment Treasury, and we plan to continue to accumulate bitcoin over time. We
view our bitcoin holdings as a long-term strategic investment and not as a trading asset. We believe holding bitcoin on our corporate
balance sheet has the potential to provide stockholder value for several reasons:

Price appreciation:Bitcoin
has experienced meaningful price appreciation over the past decade, significantly outperforming the S&P 500, US treasury yields, and
other traditional investments over the same time frame. We believe bitcoin adoption will continue to grow rapidly over the coming years,
which has potential to provide an opportunity for continued price appreciation.

Inflation hedge:
Bitcoin, with its capped supply, has the potential to serve as a long-term hedge against inflation. We expect central banks to continue
to devalue fiat currencies over the near term through inflationary monetary policies.

Diversification:
Bitcoin often shows low correlation with traditional financial assets like stocks, bonds, and commodities, offering diversification benefits
to the overall portfolio.

Liquidity: Unlike
traditional financial markets, the market for bitcoin operates 24/7, offering constant access to liquidity.

Enhanced brand perception:Companies investing in bitcoin may be viewed by certain consumers as more forward-thinking, appealing to progressive, tech-savvy
consumers and investors.

Balance sheet management:We believe building a solid balance sheet with potential for growth will provide a solid foundation for us to better operate and
grow our business over time.

These factors suggest strategic
benefits for Fold incorporating bitcoin into our financial strategies, aligning with modern financial trends and technological advancements.

Flywheel Effect

We expect demand for bitcoin
financial services to continue to increase over time, and Fold has positioned itself as a first mover to benefit from this acceleration.
As the bitcoin network expands, we believe demand for our services will grow, fueling a cycle where we build more financial products to
meet consumer needs, further increasing our cash flows, our bitcoin treasury, and the bitcoin holdings of our customers. This flywheel,
powered by aligned incentives and our first-mover advantage, positions Fold to capitalize on Bitcoin’s rapid growth and increasing
value.

Our Growth Strategy

Fold aims to grow alongside the
emerging bitcoin economy.

We believe we are in the early
stages of realizing the full value of our existing platform. We seek to capitalize on the structural advantages of being a first-mover,
customer-centric