Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 468

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 468
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 |    (94,633 | ) |     |         |          — |   |
| Disbursements of bitcoin                      |     |          | (5,412,727 | ) |     |            |            |   |     |         | (5,412,727 | ) |
| Remeasurement gain (loss) on bitcoin          |     |          |  4,236,593 |   |     |            |            |   |     |         |  4,236,593 |   |
| Bitcoin held at December 31, 2023             |     | $        |  5,333,384 |   |     | $          |     82,631 |   |     | $       |  5,416,015 |   |

Disbursements of bitcoin represent amounts that were distributed to customers to fulfill customer rewards obligations. The remeasurement gain of $4.2million recognized on the digital assets balance for the year ended December31, 2023 consisted of a realized gain of $0.2million and an unrealized gain of $4.0million. The remeasurement loss of $5.4million recognized on the digital assets balance for the year ended December31, 2022 consisted of a realized loss of $2.5million and an unrealized loss of $2.9million.

F-18

Fold, Inc.
Notes to Financial Statements 5. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consisted of the following:

|                     |     |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:--------------------|:----|:--|-------------:|:----|:--|-------------:|
| Prepaid expenses    |     | $ |      370,851 |     | $ |    1,107,537 |
| Interest receivable |     |   |        5,409 |     |   |       11,777 |
| Other receivable    |     |   |      133,892 |     |   |       31,275 |
| Total               |     | $ |      510,152 |     | $ |    1,150,589 |

6. CUSTOMER REWARDS LIABILITY A reconciliation, in the aggregate, of beginning and ending balances of the Company’s customer rewards liability for the years ended December31,