Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 352

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 352
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 |   |       82,631 |     |   |      177,264 |
| Total bitcoin treasury (USD) |     | $ |    70,301,842 |     | $ |    5,416,015 |     | $ |    3,186,926 |

|                              |     | September 30, 
          2024 |     | December 31, 
         2023 |     | December 31, 
         2022 |
|:-----------------------------|:----|--------------:|:----|-------------:|:----|-------------:|
| Rewards treasury (BTC)       |     |           100 |     |          126 |     |          182 |
| Investment treasury (BTC)    |     |         1,003 |     |            2 |     |           11 |
| Total bitcoin treasury (BTC) |     |         1,103 |     |          128 |     |          193 |

During the months ended June 30, 2024 and July 31 2024, we entered into various capital raising transactions to acquire bitcoin for our Investment Treasury. As of September 30, 2024, we held approximately 1,103 BTC in our Bitcoin Treasury which had a market value of $70.3 million based on the market price of one bitcoin on the Coinbase exchange at 11:59:59 p.m. UTC time on September 30, 2024, which was approximately $63.7 thousand. Key components of results of operations Revenue Banking and payments revenue Fold is a financial services platform and not an FDIC insured bank. Our banking and payments revenues consist of revenues received from our Fold Card and related product features, including: • Fold+ Subscriptions:Fold’s premium membership tier, called “Fold+” (formerly “Spin+”), offers users reduced or no fees on eligible products, higher rewards, and access to limited features. Fold+ costs $100/year or $10/month depending on the customer’s payment frequency selection. • Interchange:Every time a Fold user makes a payment using their Fold Card, Fold earns a share of the total interchange fee charged on that transaction. Interchange fees are set by the card network (Visa) and charged as a percentage of the total sale. The amount of interchange earned by Fold is dependent on a wide variety of factors, including whether the transaction is processed in- or out -of-network, the merchant and their assigned merchant