Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 106

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 106
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 market participants, including Celsius Network, Voyager Digital Ltd., Three Arrows Capital and Genesis Global Holdco LLC, declared bankruptcy, resulting in a loss of confidence in participants of the digital asset ecosystem, negative publicity surrounding digital assets more broadly, decreased liquidity and extreme price volatility. There was no direct material impact on ABTC’s business from such bankruptcies, however, ABTC may be impacted indirectly. Furthermore, the closure and temporary shutdown of major digital asset exchanges and trading platforms, such as FTX Trading Ltd. (“ FTX”), due to fraud or business failure, has disrupted investor confidence in digital assets and led to a rapid escalation of oversight of the digital asset industry. Thus, the failures of key market participants and systemic contagion risk is expected to, as a consequence, invite stricter regulatory scrutiny. This could have a negative impact on further development and acceptance of digital asset networks and digital assets, including Bitcoin. Other factors that could affect further development and acceptance of digital asset networks and other digital assets include: •continued worldwide growth in the adoption and use of digital assets as a medium of exchange or store of value; 36 •governmental regulation of Bitcoin and its use or restrictions on or regulation of access to and operation of the Bitcoin network or similar digital asset systems; •limitations on financial institutions processing funds for Bitcoin transactions, processing wire transfers to or from Bitcoin exchanges, Bitcoin -relatedcompanies or service providers or servicing or maintaining accounts for persons or entities transacting in Bitcoin; •changes in consumer demographics and public tastes and preferences; •the maintenance and development of the open -sourcesoftware protocol of the network, including software updates and changes to network protocols that could introduce bugs or security risks; •the increased consolidation of contributors to the Bitcoin blockchain through mining pools; •the availability and popularity of other forms or methods of buying and selling goods and services, including new means of using fiat currencies; •the use of the networks supporting digital assets for developing smart contracts and distributed applications; •general economic conditions and the regulatory environment relating to digital assets; •environmental restrictions on the use of power to mine Bitcoin and a resulting decrease in global Bitcoin mining operations; •an increase in Bitcoin transaction costs and a resultant reduction in the use of and demand for Bitcoin; and •negative consumer sentiment and perception of Bitcoin specifically and digital assets generally. The outcome of these factors could have negative effects on ABTC’s business, financial condition and results of operations as well as potentially negative effect on the value of any Bitcoin that ABTC mines or otherwise acquires or holds for its own account