Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 485

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 485
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 for its Rewards Treasury to maintain a balance that is equal to or greater than its customer rewards liability and disburses bitcoin from its Rewards Treasury when customers redeem their rewards and the liability is satisfied. The following is a summary of Fold’s bitcoin held in treasury as of the dates shown:

|                              |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:-----------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Rewards treasury (USD)       |     | $ |     6,371,951 |     | $ |    5,333,384 |
| Investment treasury (USD)    |     |   |    63,929,891 |     |   |       82,631 |
| Total bitcoin treasury (USD) |     | $ |    70,301,842 |     | $ |    5,416,015 |

|                              |     | September 30, 
          2024 |     | December 31, 
         2023 |
|:-----------------------------|:----|--------------:|:----|-------------:|
| Rewards treasury (BTC)       |     |           100 |     |          126 |
| Investment treasury (BTC)    |     |         1,003 |     |            2 |
| Total bitcoin treasury (BTC) |     |         1,103 |     |          128 |

As of September 30, 2024 and December 31, 2023, the Company held 1,103 and 128 bitcoin, respectively, with an aggregate cost of $67.8 million and $3.3 million, respectively.

F-37

Fold, Inc.
Notes to Unaudited Condensed Financial Statements 4. DIGITAL ASSETS (cont.) A reconciliation, in the aggregate, of beginning and ending balances of the Company’s digital assets as of the dates shown is as follows:

|                                                   |     | Rewards  
 Treasury |            |   |     | Investment 
 Treasury   |            |   |     | Digital 
 Assets  |            |   |
|:--------------------------------------------------|:----|:---------|-----------:|:--|:----|:-----------|-----------:|:--|:----|:--------|-----------:|:--|
| Bitcoin held at January 1, 2023                   |     | $        |