UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41168 Fold Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 86-2170416 | | ...

Exhibit 99.1 Fold Holdings, Inc. (NASDAQ: FLD) Announces Second Quarter 2025 Results Revenue: $8.2 million, 59% YoY increase Net Income: $13.4 million New accounts up over 233% YoY and transaction volumes up 124% YoY Successfully secured $250 million equity purchase facility 1 Bitcoin Investment Treasury Holdings: 1,492 BTC PHOENIX – August 12, 2025 Fold Holdings, Inc. (NASDAQ: FLD) ("Fold"), the first publicly traded bitcoin financial services company, today announced financial results for the second quart ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Fold Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 86-2170416 | | --- | --- | | ( State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 11201 North Tatum Blvd., Suite 300, Unit 42035 | | | Phoenix, AZ | 85028 | | (Address of principal ex ...

Exhibit 99.1 Fold Holdings, Inc. (NASDAQ: FLD) Announces First Quarter 2025 Results Revenue: $7.1 million, 44% YoY increase Bitcoin Treasury Holdings: 1,490 BTC, ~50% increase from Q4 2024 Launched Bitcoin Gift Card with access to network of thousands of retailers New accounts up over 300% YoY and platform volumes up 67% YoY PHOENIX – May 15, 2025 Fold Holdings, Inc. (NASDAQ: FLD) ("Fold"), the first publicly traded bitcoin financial services company, today announced financial results for the first quarter ...

Financial Products and Services - Fold offers a free FDIC-insured checking account that supports direct deposits and bill payments, with the ability to receive paychecks up to three days early[33]. - Customers can earn up to 1.5% back on purchases made with the Fold Card, as well as up to 15% or more on card-linked merchant offers[34]. - The Fold Rewards Program allows users to earn promotional credits in bitcoin, with rewards valued as a percentage of transactions or as flat amounts of satoshis[35]. - Fold's products and services are available in the United States through the Fold mobile app, serving as a key entry point for consumers to engage with bitcoin[31]. - The company has a comprehensive suite of financial products designed to integrate bitcoin into everyday finances, including a Visa prepaid debit card[29]. - Customers can purchase bitcoin through various methods, including spot buys, recurring trades, direct deposits, and round-ups, enhancing user engagement[43][48]. - The "Auto Stack" feature allows users to purchase a specific USD amount of bitcoin at set intervals, promoting regular investment[48]. - Fold's pre-paid debit card is issued by Sutton Bank, providing users with a secure method to manage their funds[47]. Bitcoin Strategy and Treasury Management - Fold aims to maintain an amount of bitcoin in its Rewards Treasury equal to or greater than customer rewards obligations, purchasing bitcoin daily to match rewards earned[39]. - The company actively invests in and accumulates bitcoin for its treasury, believing it offers long-term value preservation compared to traditional currencies[30]. - Fold's bitcoin treasury strategy positions bitcoin as a long-term strategic investment, providing potential price appreciation and serving as an inflation hedge[80]. - Fold has accumulated more than 1,000 bitcoin in its Investment Treasury as of December 31, 2024, and plans to continue accumulating bitcoin over time[81]. - The company has approximately $102.1 million of Bitcoin in its Treasury accounts as of December 31, 2024[211]. Customer Demographics and Engagement - Fold's core customer demographic is primarily aged between 25-54 years, with 80% having prime credit and 65% earning over $100K annually[66]. - The customer acquisition cost for Fold is less than $10 per user, significantly lower than the industry average of over $300 per customer for traditional financial service providers[89]. - Fold's marketing strategy includes a mix of paid and organic online advertising, television, and email marketing, aimed at increasing member engagement and retention[90]. - The company aims to deepen engagement with existing and new rewards partners to drive further adoption and create mutual growth opportunities[94]. Regulatory and Compliance Challenges - The company is subject to various risks, including regulatory scrutiny and the volatile nature of bitcoin, which may impact its business and financial condition[23]. - The company is subject to extensive and evolving regulatory requirements, which could impact its operations and financial condition[137]. - The company must comply with various privacy protection laws, including the Gramm-Leach-Bliley Act (GLBA) and California Consumer Privacy Act (CCPA)[116]. - The company is focused on maintaining compliance with CFPB regulations to protect consumer rights and avoid penalties[114]. - The company may face increased regulatory scrutiny and costs due to investigations by U.S. federal and state regulators and foreign regulators, which could adversely affect its business and financial condition[141]. - Recent scrutiny of bank partnerships by U.S. regulators may constrain the operations of partner banks, potentially impacting the company's relationships and business operations[142]. - The company is subject to audits and regulatory requirements due to its relationships with partner banks, which may adversely affect its financial condition and future prospects[143]. - The bankruptcy case of Synapse Financial Technologies, Inc. has prompted regulatory initiatives that could increase compliance costs and impact relationships with partner banks[145]. Competitive Landscape and Market Position - The company operates in a competitive landscape, focusing on bitcoin financial services for individuals looking to build long-term savings and access new financial opportunities[99]. - The company is classified as an "emerging growth company" and is eligible for certain exemptions from various reporting requirements[128]. - The company faces significant risks related to the volatility of Bitcoin, which affects its operating results and market sentiment[133]. - The company operates in a highly competitive industry, facing competition from both traditional financial services and innovative startups, which may impact its market position[147]. - Competitors may have advantages such as larger customer bases, greater resources, and the ability to offer products that the company cannot due to regulatory constraints[149]. Growth and Innovation - The company recognizes the significant opportunity for global expansion outside the United States, laying groundwork for future growth[97]. - Fold's growth strategy includes expanding financial services partnerships to integrate bitcoin financial services with traditional financial products[95]. - The company must continuously innovate to keep pace with rapid technological changes in the financial services market, or risk obsolescence of its products[152]. - The company expects to incur substantial costs to develop and upgrade its technical infrastructure to meet evolving industry needs[162]. - The company's success relies on developing new technologies and adapting to industry changes, particularly in generative AI[216]. - Continuous modification and enhancement of products and services is necessary to keep pace with technological changes[217]. Operational Risks and Challenges - The company must scale and strengthen internal controls as it expands its product and service offerings to manage risks effectively[182]. - Service interruptions in the company's systems or those of third-party providers could result in customer loss and harm the company's reputation[176]. - The company must adapt to technological changes and evolving industry practices to remain competitive[162]. - Any enforcement action by regulatory authorities regarding the classification of products could lead to significant penalties and operational restrictions[169]. - The company faces significant risks if it cannot keep pace with rapid industry changes, which could lead to a decline in net revenue[162]. - A decline in customer engagement or retention could adversely affect revenue and financial results[197]. Employee and Talent Management - As of December 31, 2024, the company employed a total of 28 full-time employees and various part-time contractors[120]. - The company is committed to attracting and retaining talent through competitive compensation, benefits, and a robust training curriculum[123]. - The company regularly reviews its talent strategy, monitoring data such as turnover and diversity to enhance its workforce[124]. Technology and Security - The company relies on insurance carriers to cover customer losses, and inability to maintain such insurance could lead to significant business disruptions[173]. - The company must continue to innovate and introduce new products to retain and attract customers in a competitive market[196]. - The company depends on third parties, including competitors, for access to new technologies and market development[217]. - The complexity of regulatory environments may result in overlapping investigations and legal proceedings, adversely affecting the company's reputation and financial condition[159].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41168 FTAC EMERALD ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |---------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41168 FTAC EMERALD ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |--------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) 2929 Arch Street, Suite 1703, Philadelphia, PA 19104 (Address of principal executive offices) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (215) 701-9555 For the transition period from to Commission file number: 001-41168 FTAC EMERALD ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-41168 FTAC EMERALD ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 86-2170416 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41168 FTAC EMERALD ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Delaware 86-2170416 (State or other jurisdi ...