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v3.25.1

Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Schedule of Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis | Financial assets and liabilities that are measured at fair value on a recurring basis are classified as Level 1, Level 2, and Level 3 as follows:
|  | As of March 31, 2025 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Digital assets |  | $ | 130,323,297 |  |  | $ | 130,323,297 |  |  | $ | - |  |  | $ | - |
Total assets |  | $ | 130,323,297 |  |  | $ | 130,323,297 |  |  | $ | - |  |  | $ | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer rewards liability |  | $ | 7,365,544 |  |  | $ | - |  |  | $ | - |  |  | $ | 7,365,544 |
March 2025 Investor Note |  |  | 52,813,643 |  |  |  | - |  |  |  | - |  |  |  | 52,813,643 |
Total liabilities |  | $ | 60,179,187 |  |  | $ | - |  |  | $ | - |  |  | $ | 60,179,187 |
|  | As of December 31, 2024 |
|  | Total |  | Level 1 |  | Level 2 |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Digital assets |  | $ | 102,138,351 |  |  | $ | 102,138,351 |  |  | $ | - |  |  | $ | - |
Total assets |  | $ | 102,138,351 |  |  | $ | 102,138,351 |  |  | $ | - |  |  | $ | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Customer rewards liability |  | $ | 8,569,651 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,569,651 |
SAFEs |  |  | 171,080,533 |  |  |  | - |  |  |  | - |  |  |  | 171,080,533 |
Total liabilities |  | $ | 179,650,184 |  |  | $ | - |  |  | $ | - |  |  | $ | 179,650,184 |
Summary of Significant Inputs which the Fair Value Measurements Associated with Convertible Note | The following table summarizes the significant inputs which the fair value measurements associated with the convertible note was determined:
|  | As of March 31, 2025 |  | As of December 31, 2024 |
Risk-Free Rate (continuously compounded) |  |  | 3.89 | % |  | - |
Fold Volatility (Annual) |  |  | 92.29 | % |  |
Bitcoin Volatility (Annual) |  |  | 60.53 | % |  | - |
Note Term |  | 5.00 Years |  |  | - |
Fold Stock Price |  | $ | 6.20 |  |  | - |
Bitcoin Price |  | $ | 82,548.91 |  |  |
Correlation (Fold and Bitcoin) |  |  | 0.3737 |  |  |
Conversion price |  | $ | 12.50 |  |  | - |
Dividend Yield (Annual) |  |  | 0.00 | % |  | - |
SAFEs [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Summary of Changes in Fair Value Associated With Level 3 | The following table summarizes the changes in fair value associated with Level 3 SAFE financial instruments held at the beginning or end of the periods presented:
|  | SAFEs |
Balance at January 1, 2024 |  | $ | 10,601,545 |
Proceeds from issuances of SAFEs |  |  | 500,000 |
Change in fair value of SAFEs |  |  | 95,064 |
Balance at March 31, 2024 |  |  | 11,196,609 |
Proceeds from issuances of SAFEs |  |  | 71,606,134 |
Change in fair value of SAFEs |  |  | 88,277,790 |
Balance at December 31, 2024 |  |  | 171,080,533 |
Proceeds from issuances of SAFEs |  |  | - |
Change in fair value of SAFEs |  |  | 6,503,113 |
Conversion of SAFEs |  |  | (177,583,646 | )
Balance at March 31, 2025 |  | $ | - |
Convertible Notes [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Summary of Changes in Fair Value Associated With Level 3 | The following table summarizes the changes in fair value associated with Level 3 convertible note financial instruments held at the beginning or end of the periods presented:
|  | Convertible Note |
Balance at December 31, 2024 |  |  | - |
Additions |  |  | 46,279,500 |
Fair Value adjustment, Day one loss on issuance of debt |  |  | 12,753,994 |
Fair Value adjustment, Change in fair value |  |  | (6,219,851 | )
Balance at March 31, 2025 |  | $ | 52,813,643 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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