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