---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-25-004361"
form_type: "8-K/A"
ticker: "FLD"
cik: "0001889123"
company_name: "Fold Holdings, Inc."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:29:15.254594+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Fold Holdings files audited 2024 financials: net loss $65.1M, revenue $23.8M

## Summary
- Net loss of $65.1M for 2024 vs $7.2M in 2023; accumulated deficit reaches $101.3M.
- Revenue rose to $23.8M from $21.5M YoY, driven by bitcoin rewards and card services.
- Total assets surged to $125.7M from $8.7M, primarily from $93.6M in bitcoin investment treasury.
- SAFE liability of $171.1M converted to equity upon merger close on Feb 14, 2025 (value $68.3M bitcoin).
- Convertible note of $20M due in three years; cash and equivalents of $18.3M as of Dec 31, 2024.

## SEC filing metadata
- accession: 0001013762-25-004361
- form_type: 8-K/A
- ticker: FLD
- cik: 0001889123
- company_name: Fold Holdings, Inc.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1889123/000101376225004361/0001013762-25-004361-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1889123/000101376225004361/ea0236228-8ka2_foldhold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-25-004361
- JSON: https://secwatch.observer/filing/0001013762-25-004361.json
- Plain text: https://secwatch.observer/filing/0001013762-25-004361.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.