Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 128

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 128
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 total Verified Accounts to more than 71,000. As an early entrant to bitcoin financial services, our customer growth to date has been predominantly fueled by organic word of mouth, partner co -marketing, and active social media engagement which have contributed to low customer acquisition costs (“CAC”). Fold has achieved our current user base with CAC of less than $10 per Active Account since inception, compared to industry averages of up to $300+ per customer for traditional financial service providers. 75

Transaction volumes Transaction Volume is inclusive of deposits, spend, and withdrawals across our platform and are inclusive of both fiat (“USD”) and bitcoin (“BTC”) transaction volumes. From inception through December 31, 2024, Fold processed more than $2.5 billion 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) |     |