XML 59 R35.htm IDEA: XBRL DOCUMENT
v3.25.2

Digital Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Digital Assets [Abstract] |
Schedule of Company's Bitcoin Held in Treasury | 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
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 |  |  | 427,128 |  |  |  | 14,339 |  |  |  | 441,467 |
Disbursements of bitcoin |  |  | (1,326,202 | ) |  |  | — |  |  |  | (1,326,202 | )
Remeasurement gain (loss) on bitcoin |  |  | 3,491,889 |  |  |  | — |  |  |  | 3,491,889 |
Bitcoin held at March 31, 2024 |  | $ | 7,926,199 |  |  | $ | 96,970 |  |  | $ | 8,023,169 |
Purchases of bitcoin |  |  | 1,321,076 |  |  |  | 118,020 |  |  |  | 1,439,096 |
Proceeds from SAFE financings received in bitcoin |  |  | — |  |  |  | 64,106,134 |  |  |  | 64,106,134 |
Disbursements of bitcoin |  |  | (2,713,909 | ) |  |  | — |  |  |  | (2,713,909 | )
Proceeds from sale of bitcoin |  |  | (104,868 | ) |  |  | — |  |  |  | (104,868 | )
Remeasurement gain (loss) on bitcoin |  |  | 2,141,153 |  |  |  | 29,247,576 |  |  |  | 31,388,729 |
Bitcoin held at December 31, 2024 |  | $ | 8,569,651 |  |  | $ | 93,568,700 |  |  | $ | 102,138,351 |
Purchases of bitcoin |  |  | 522,293 |  |  |  | 1,040,680 |  |  |  | 1,562,973 |
Bitcoin received from March 2025 Investor Note(1) |  |  | — |  |  |  | 43,965,525 |  |  |  | 43,965,525 |
Disbursements of bitcoin |  |  | (715,814 | ) |  |  | — |  |  |  | (715,814 | )
Remeasurement gain (loss) on bitcoin |  |  | (1,010,586 | ) |  |  | (15,617,152 | ) |  |  | (16,627,738 | )
Bitcoin held at March 31, 2025 |  | $ | 7,365,544 |  |  | $ | 122,957,753 |  |  | $ | 130,323,297 |
(1) 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