Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 6

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 6
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 to 100%. Once this feature has been turned on, all future USD deposits
will be exchanged to bitcoin via the API flow to our Bitcoin Service Providers described in the “Spot Buys” section above.
The series of automated API requests is sent as soon as Fold receives notification of the incoming deposit from the external bank where
the USD funds originated from. To turn this feature off, users can navigate to the Direct to Bitcoin option in the Bitcoin tab of the
Fold app and toggle that option to “Off”. This action immediately disables all future Direct to Bitcoin purchases.

●Round-Ups: This feature, referred to as “Round-Ups”
within the Fold app, allows users to automatically convert spare change from a Fold Card transaction into bitcoin. To set up this purchase
type a user first selects the Round-Ups option in the Bitcoin tab of the Fold app and toggles that option to “On”. Users
are then prompted to choose a multiplier — 1x, 2x, 5x, or 10x — that will be applied to their Round-Ups
purchase. For example, if a user turns on Round-Ups, selects a multiplier of 5x, and then spends $5.73 on their Fold Card, that Fold
Card transaction will result in a Round-Up of $1.35 ($0.27 “change” * 5x multiplier). There is a $10 minimum purchase amount
for this feature, so users accumulate Round-Ups until their Round-Up balance meets or exceeds that threshold, at which time a bitcoin
purchase is automatically initiated via the API flow to our Bitcoin Service Providers described in the “Spot Buys” section
above. To turn this feature off, users can navigate to the Round-Ups option in the Bitcoin tab of the Fold app and toggle that option
to “Off”. This action immediately disables all future Round-Up purchases and resets their accumulated Round-Ups balance to
zero.

●To sell bitcoin, users navigate to the Bitcoin
tab of the Fold app and select the “Send” button. They then select the “Push to Card” option which prompts them
to enter a specific USD amount they wish to sell. After inputting that amount they are taken to a confirmation screen that displays the
sale amount, the estimated exchange rate of the transaction, and any transaction fees as applicable. After confirming the transaction
a series of automated API requests are sent to Fold’s Bitcoin Service Providers requesting to complete the trade. The Bitcoin Service