Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 396

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 396
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 may rely on access to the capital markets for any long -termfunding not provided by operating cash flows or its strategic Bitcoin reserve. Cash Flows The following table summarizes ABTC’s cash flows for the three months ended March 31, 2025 and March 31, 2024:

| (in USD thousands)                                    
 2025                                                  |     | Three Months Ended 
 March 31,          |         | 2024 |     |   |         |   |
|:------------------------------------------------------|:----|:-------------------|--------:|:-----|:----|:--|--------:|:--|
| Cash flows used in operating activities               |     | $                  | (44,653 | )    |     | $ | (34,345 | ) |
| Cash flows provided by investing activities           |     | $                  |   5,992 |      |     | $ |  36,109 |   |
| Cash flows provided by (used in) financing activities |     | $                  |  38,661 |      |     | $ |  (1,764 | ) |

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Operating Activities Net cash used in operating activities was $44.7million for the threemonths ended March 31, 2025, resulting from a net loss of $100.6million, offset by the deduction of non -cashadjustments of $70.2million and unfavorable changes in assets and liabilities of $14.4million. Net cash used in operating activities was $34.3 million for the threemonths ended March 31, 2024, resulting from net income of $230.4million, offset by non -cashadjustments of $257.2million and unfavorable changes in assets and liabilities of $7.5million. Investing Activities Net cash provided by investing activities totaled $6.0million for the threemonths ended March 31, 2025, primarily consisting of $3.4 million in proceeds from Bitcoin sales, and $2.6 million in proceeds from the sale of property and equipment. Net cash provided by investing activities totaled $36.1million for the threemonths ended March 31, 2024, wholly consisting of $36.1million in proceeds from Bitcoin sales. Financing Activities Net cash provided by financing activities was $38.7million for the threemonths ended March 31, 2025, which was primarily a result of $955