Fold

Fold Holdings, Inc.

Treasury Qualification

Treasury classificationDigital Asset Company with Corporate BTC

Qualification tierCore Directory

Directory statusIncluded

Ownership status194 company-attributable Investment Treasury BTC at June 30, 2026, all unencumbered after repayment of the facility and release of collateral. The broader same-date 271-BTC disclosure includes 77 Rewards Treasury BTC backing customer obligations; those 77 BTC are excluded from attributable treasury and from owned-component fields. The existing btc_total_reported scope remains investment treasury only (194). Fold sold 632 investment BTC in June, using proceeds to repay the USD 20 million facility and provide general corporate cash.

Strategic intent

Fold maintains an Investment Treasury to support its operating business and to hold Bitcoin as a near- to long-term investment. Its strategy permits selective sales, collateralized financing, and other uses intended to support the business.

Bitcoin Treasury

Last verified attributable BTC194 BTC

Balance dateJune 30, 2026

Estimated value$15,470,336BTC price retrieved: October 27, 2026 at 08:17 UTC

Average purchase priceNot disclosed

Included in totals

Verified at the stated balance date

Separately reported BTC — not used in totals

271 BTC · Balance date: June 30, 2026

194 company-attributable Investment Treasury BTC at June 30, 2026, all unencumbered after repayment of the facility and release of collateral. The broader same-date 271-BTC disclosure includes 77 Rewards Treasury BTC backing customer obligations; those 77 BTC are excluded from attributable treasury and from owned-component fields. The existing btc_total_reported scope remains investment treasury only (194). Fold sold 632 investment BTC in June, using proceeds to repay the USD 20 million facility and provide general corporate cash.

Reported BTC source

Ownership and Restrictions

Component figures are shown only when separately disclosed and may overlap; they are not additive. Components refer to the eligible balance date unless dated otherwise in research notes. “Not separately disclosed” does not imply zero.

Total BTC reported194

Unencumbered / unrestricted194

Pledged as collateral0

Loaned to third parties0

Subsidiary-owned0

Other restricted owned BTC0

Latest Financial Results

Reporting period: Three months ended June 30, 2026

Revenue$6,089,909

Operating income/loss$-7,768,634

Net income/loss$-9,651,557

Cash$28,386,785

Management

Chief executive officer: Will Reeves
Chief financial officer: Wolfe Repass
Executive chair: None

Research Notes

Fold reported 903 BTC across its two treasury categories as of March 31, 2026. This directory counts only the 826 BTC in Fold's Investment Treasury. The separate 77-BTC Rewards Treasury matched an existing customer rewards liability and is excluded to avoid treating customer-obligation assets as strategic corporate treasury. Within the Investment Treasury, 430 BTC was pledged as collateral for a $20 million Two Prime credit facility, leaving 396 BTC unrestricted. Fold sold 200 BTC during February 2026 and transferred 500 BTC to extinguish a related-party investor note. For Q1 2026, Fold reported $5.6 million in net revenue, a $7.8 million operating loss, and a $29.2 million net loss. September 29, 2026 methodology and financial refresh: 194 company-attributable Investment Treasury BTC at June 30, 2026, all unencumbered after repayment of the facility and release of collateral. The broader same-date 271-BTC disclosure includes 77 Rewards Treasury BTC backing customer obligations; those 77 BTC are excluded from attributable treasury and from owned-component fields. The existing btc_total_reported scope remains investment treasury only (194). Fold sold 632 investment BTC in June, using proceeds to repay the USD 20 million facility and provide general corporate cash. USD, Q2 2026 (three months ended June 30; balance sheet June 30). 'Revenues, net' 6,089,909; operating loss -7,768,634; 'Net income (loss)' -9,651,557 is entity-wide before per-share attribution. Cash 28,386,785; assets 52,494,797; liabilities 21,243,867. Will Reeves, Wolfe Repass, identity and URLs unchanged. Financial source: https://www.sec.gov/Archives/edgar/data/1889123/000119312526344668/fld-20260630.htm (published August 11, 2026). Eligible historical/current evidence source: https://www.sec.gov/Archives/edgar/data/1889123/000119312526344668/fld-20260630.htm (source date: August 11, 2026). Separate headline source: https://www.sec.gov/Archives/edgar/data/1889123/000119312526344668/fld-20260630.htm (published August 11, 2026; balance June 30, 2026). Historical notes above are preserved as dated history; earlier eligibility descriptions do not override this review. The existing last_verified date is unchanged and is not a blanket verification of unresolved fields.