Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 503

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 503
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| Digital assets ending balance                               |     | $ |   1,016,000 |   |     | $ |   2,097,000 |   |

For the years ended December 31, 2024 and 2023, the Company used digital assets with a value of $3,665,000 and $7,770,000, respectively, for the payment of principal and interest for its notes payable. The following table presents the Company’s Bitcoin holdings as of December 31,

| Number of Bitcoin held       |     | 2024 |     10.93 |     | 2023 |     67.18 |
|:-----------------------------|:----|:-----|----------:|:----|:-----|----------:|
| Carrying basis – per Bitcoin |     | $    |    61,532 |     | $    |    31,213 |
| Fair value – per Bitcoin     |     | $    |    92,987 |     | $    |    42,214 |
| Carrying basis of Bitcoin    |     | $    |   672,259 |     | $    | 2,097,000 |
| Fair value of Bitcoin        |     | $    | 1,016,000 |     | $    | 2,836,000 |

The carrying basis (or cost basis) represents the valuation of Bitcoin at the time the Company earns the Bitcoin through mining activities. The carrying amount for 67.18 Bitcoin held as of the adoption of ASC 350 -60, was determined on the “cost less impairment” basis. The Company’s Bitcoin holdings are not subject to rehypothecation and do not serve as collateral for any existing loans or agreements. As of December 31, 2024 and 2023, the Company held no other crypto currency. As of December 31, 2024 and 2023, the Company held 100% of its Bitcoin in cold storage and nil in hot wallets, respectively. Adoption of ASU 2023-08, Accounting for and Disclosure of Crypto Assets Effective January 1, 2024, the Company early adopted ASU 2023 -08, which requires entities to ‘measure crypto assets at fair value with changes recognized in the consolidated statement of operation each reporting period. The Company’s digital assets are within the scope of ASU 2023 -08and the transition guidance requires a