I have three fire hatchets, two antique & one modern, the spikes are tapered on all three.
My guess is your spike is for puncturing & the "fullers" are to let pressure escape, but like I say it's just a guess based on fighting knife fullers.
The strapped head is very typical on old hatchets & hammers, especially if they were expected to see any prying.
Very nice hatchet.
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