Company: FLDDW
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0000950170-25-072851
Chunk: 17

Company: Fold Holdings, Inc.
Filing Date: 2025-05-15
Form: 424B3
Chunk 17
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 conditions of the Fold Rewards Program (“Rewards Treasury”); and (2) as a treasury asset with the intention to hold as a long-term investment (“Investment Treasury”). The Company purchases bitcoin 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:

|                              |     |   | March 31, 2025 |     |   | December 31, 2024 |
|:-----------------------------|:----|:--|---------------:|:----|:--|------------------:|
| Rewards treasury (USD)       |     | $ |      7,365,544 |     | $ |         8,569,651 |
| Investment treasury (USD)    |     |   |    122,957,753 |     |   |        93,568,700 |
| Total bitcoin treasury (USD) |     | $ |    130,323,297 |     | $ |       102,138,351 |

|                              |     |     | March 31, 2025 |     |     | December 31, 2024 |
|:-----------------------------|:----|:----|---------------:|:----|:----|------------------:|
| Rewards treasury (BTC)       |     |     |             89 |     |     |                92 |
| Investment treasury (BTC)    |     |     |          1,490 |     |     |             1,002 |
| Total bitcoin treasury (BTC) |     |     |          1,579 |     |     |             1,094 |

As of March 31, 2025 and December 31, 2024, the Company held 1,579 and 1,094 bitcoin, respectively, with an aggregate cost of $113.2 million and $67.9 million, respectively. As of March 31, 2025, 800 bitcoin are restricted from use in operations under collateral agreements related to our convertible notes. Refer to Note 10 for further details.

<div align='center'>14

Fold Holdings, Inc.

Notes to Unaudited Condensed Financial Statements</div>

A reconciliation, in the aggregate, of beginning and ending balances of the Company’s digital assets as of the dates shown is as