Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 150

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 150
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 selecting “Spin the Wheel,” and either tapping the wheel to spin, or swiping right on the option to spin all available spins.            
 The Daily Spin Wheel includes a variety of prize “wedges”, all of which are comprised of varying amounts of bitcoin/sats (ex.            
 5 sats, 10 sats, 25 sats, 1 bitcoin, etc.). These wedges vary from time to time at the Company’s discretion. When a user spins the       
 wheel and lands on one of these wedges, the resulting bitcoin is immediately applied to their bitcoin Rewards balance. Those rewards can 
 be accessed and withdrawn in the same manner as all other bitcoin rewards earned by a user on the Fold app (see “Rewards Network”        
 above).                                                                                                                                  |

Account Settings

| ● | Users can manage their account settings from the “Home” tab, including their subscription plan,       
 their profile details, their referral program information, and other relevant administrative actions. |

Industry Overview

Bitcoin

Introduced in 2008, bitcoin is
a trustless decentralized digital currency operating on a peer-to-peer network. Bitcoin is built on free and open-source technology which
ensures secure and transparent transactions. As of December 31, 2024, bitcoin remains the largest cryptocurrency by market capitalization,
with significant trading volumes across global exchanges. Over the first 15 years of its existence, the adoption rate of bitcoin as measured
by the annual increase in the total number of users has exceeded that of the internet over the first 15 years of the latter’s existence.

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To date, the primary business
models within the bitcoin industry have focused on exchange services, bitcoin mining, and exchange-traded products like ETFs. Bitcoin
financial services such as those offered by Fold are part of a fast-growing market opportunity to expand bitcoin’s scope into traditional
investment and financial use cases relevant to consumers’ everyday lives, such as saving, investing and making payments.

The bitcoin industry is dynamic
and rapidly evolving, offering substantial opportunities alongside significant risks. Continuous monitoring of technological, regulatory,
and market developments is essential for stakeholders to navigate this complex landscape effectively.

Banking and payments

The banking and payments industry
encompasses a broad range of financial services, including traditional asset custody, wealth management, digital payments, and emerging
fintech solutions. The banking and payments industry is undergoing significant transformation driven by technological advancements, changing
consumer behavior, and regulatory developments. While the industry presents