Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 331

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 331
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. Our Strategy First Mover Advantage Fold has identified what we believe to be a unique opportunity in the market to provide bitcoin -nativespecialty financial services that are currently underrepresented by incumbent financial service providers. Fold’s products are built on bitcoin, for bitcoiners, by bitcoiners. In contrast to exchanges with hundreds of cryptocurrencies, capital -intensivemining businesses, and high -feeETFs, Fold provides a user -friendly, low -barrierentry point to bitcoin via financial products that users are already familiar with. Our product offerings are also diverse, offering customers more utility than just an exchange product. As an early entrant to this space and the first company to launch a bitcoin rewards debit card program, Fold has accumulated proprietary data on customer spending, saving, investing, and product needs that can be leveraged for further penetration within our existing user base as well as to expand into new customer demographics. We have invested significant resources to form deep relationships with partners, customers, and industry participants while building a reputable brand name in the bitcoin market. Expanding Access to Value Creation for Fold’s Customers We believe that bitcoin is a powerful tool for democratizing wealth and protecting against inflation. From January 2010 to June 2024 the US dollar lost 31% of its purchasing power due to inflation. Further, the US Federal Reserve has a stated annual inflation goal of 2% per year, which ensures by design the purchasing power of dollars will continue to decrease over time. Although there can be no assurance of bitcoin’s performance, over the same period, bitcoin increased from almost $0 to more than $60,000 per bitcoin, finishing as one of the best performing assets over such period. With a fixed supply of 21,000,000, we believe bitcoin provides an opportunity for increased purchasing power over time with continued adoption and demand. As an example, based on data from the Federal Reserve Bank of St. Louis, the median price of owning a single -familyhome in the first quarter of 2016 was $290,000, or 690 bitcoin, compared to $329,000, or 46 bitcoin, in the first quarter of 2020 and $420,800, or 10 bitcoin in the first quarter of 2024. 202 According to a report by Nasdaq, dated as of January2, 2023, 50% of Americans have no savings or less savings than prior years, based on Nasdaq’s report “Americans do not have enough savings.”, According to a