XML 39 R31.htm IDEA: XBRL DOCUMENT v3.25.3

Digital Assets (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Company's Bitcoin Held in Treasury

The following is a summary of Fold’s bitcoin held in treasury as of the dates shown:

		September 30, 2025				December 31, 2024
Rewards treasury (USD)		$	9,295,587			$	8,569,651
Investment treasury (USD)			170,392,495				93,568,700
Total bitcoin treasury (USD)		$	179,688,082			$	102,138,351

		September 30, 2025				December 31, 2024
Rewards treasury (BTC)			81				92
Investment treasury (BTC)			1,494				1,002
Total bitcoin treasury (BTC)			1,575				1,094

Schedule of Reconciliation in the Aggregate Balances of the Company's Digital Assets

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

		Rewards Treasury				Investment Treasury				Digital Assets
Bitcoin held at January 1, 2024		$	5,333,384			$	82,631			$	5,416,015
Purchases of bitcoin			1,187,899				118,165				1,306,064
Disbursements of bitcoin (1)			(2,684,324	)			-				(2,684,324	)
Proceeds from SAFE financings received in bitcoin			-				64,106,134				64,106,134
Proceeds from sale of bitcoin			(104,868	)			-				(104,868	)
Remeasurement gain (loss) on bitcoin			2,639,860				(377,039	)			2,262,821
Bitcoin held at September 30, 2024		$	6,371,951			$	63,929,891			$	70,301,842
Purchases of bitcoin			560,305				14,194				574,499
Disbursements of bitcoin (1)			(1,355,787	)			-				(1,355,787	)
Remeasurement gain (loss) on bitcoin			2,993,182				29,624,615				32,617,797
Bitcoin held at December 31, 2024		$	8,569,651			$	93,568,700			$	102,138,351
Purchases of bitcoin			1,484,291				1,654,332				3,138,623
Bitcoin received from March 2025 Investor Note (2)			-				43,965,525				43,965,525
Disbursements of bitcoin (1)			(2,762,889	)			-				(2,762,889	)
Other bitcoin			42,731				-				42,731
Remeasurement gain (loss) on bitcoin			1,961,803				31,203,938				33,165,741
Bitcoin held at September 30, 2025		$	9,295,587			$	170,392,495			$	179,688,082

(1) Disbursements of bitcoin represent amounts that were distributed to customers to fulfill customer rewards obligations or to satisfy other current obligations.

(2) The bitcoin received from the March 2025 Investor Note is net of prepaid interest. Refer to Note 10 for additional details.

X

- Definition

Tabular disclosure of information about activity for crypto asset. Excludes information about crypto asset held for platform user.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476162/350-60-50-3

+ Details

Name:	us-gaap_CryptoAssetActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information about crypto asset. Includes, but is not limited to, name, cost basis, fair value, and number of units held. Excludes information about crypto asset held for platform user.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476162/350-60-50-1

+ Details

Name:	us-gaap_CryptoAssetHoldingTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration