Company: FLDDW
Filing Date: 2025-08-11
Form Type: 424B3
Source: 0001213900-25-074298
Chunk: 332

Company: Fold Holdings, Inc.
Filing Date: 2025-08-11
Form: 424B3
Chunk 332
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| 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 $16.6 million recognized on the digital assets balances for the three months ended March 31, 2025 consisted of a realized gain of $0.5 million and an unrealized loss of $17.1 million. The remeasurement gain of $3.5 million recognized on the digital assets balance for the three months ended March 31, 2024 consisted of a realized gain of $0.9 million and an unrealized gain of $2.6 million. 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   |     |   |   175,107 |     |   |      177,528 |
| Interest receivable |     |   |    40,701 |     |   |           25 |
| Total               |     | $ | 4,003,918 |     | $ |      687,100 |

7. CUSTOMER REWARDS LIABILITY A reconciliation, in the aggregate, of beginning and ending balances of the Company’s customer rewards liability as of the dates shown is as follows:

|                                                         |     | Customer  
 Rewards   
 Liability |            |   |
|:--------------------------------------------------------|:----|:----------|