Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 400

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 400
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 $100.7 million in Bitcoin purchases for ABTC’s strategic reserve, which was retained by Hut 8 in the Contributions, for the amount needed to be pledged to Bitmain for its miner fleet refresh, and a $29.1million deposit for acquiring Bitcoin miners. These outflows were partially offset by $69.8million in proceeds from Bitcoin sales. Net cash provided by investing activities totaled $62.7million for the year ended December 31, 2023, primarily consisting of $63.7 million in proceeds from Bitcoin sales, partially offset by a $1.0million cash deposit for Bitcoin miners. Net cash provided by investing activities totaled $24.3million for the year ended December31, 2022, primarily consisting of $71.2million in proceeds from Bitcoin sales, partially offset by a $46.9million cash deposit for Bitcoin miners.

229 Financing Activities Net cash provided by financing activities was $120.6million for the year ended December31, 2024, primarily consisting of $132.1million in proceeds from Hut 8’s investment in ABTC. These inflows were partially offset by $11.5million in loan repayments on the Anchorage Debt. Net cash used in financing activities was $6.8million for the year ended December31, 2023, primarily consisting of $10.8million in loan repayments on the Anchorage Debt, and $0.6million in debt issuance costs paid. These inflows were partially offset by $4.6million in proceeds from Hut 8’s investment in ABTC. Net cash provided by financing activities was $48.3million for the year ended December31, 2022, primarily consisting of $50.0million in proceeds from loans payable and $9.4million in proceeds from Hut 8’s investment in ABTC. These inflows were partially offset by $11.1million in loan repayments on the Anchorage Debt. Critical Accounting Policies and Estimates ABTC’s management’s discussion and analysis of its financial condition and results of operations is based on ABTC’s combined financial statements ended December31, 2024 and March31, 2025, each included elsewhere in this proxy statement/prospectus, which have been prepared in accordance with U.S. GAAP and require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, contingent assets and liabilities, each as of the date of the combined financial statements, and revenues and expenses during the periods presented. On an