Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 504

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 504
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 cumulative -effectadjustment as of the beginning of the current fiscal year for any difference between the carrying amount of the Company’s digital assets and fair value. As a result of the Company’s early adoption of ASU 2023 -08, the Company recorded a $740,000 increase in digital assets and a $740,000 decrease in accumulated deficit on the consolidated balance sheets as of January 1, 2024.

F-53

Gryphon Digital Mining, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2024 and 2023 NOTE 3 — MARKETABLE SECURITIES In accordance with the Agreement and Plan of Merger, dated June 3, 2021, between Gryphon and Sphere 3D (as amended, the “Sphere 3D Merger Agreement”), the Company received 850,000 shares of Sphere 3D’s restricted common stock upon the termination of the Sphere 3D Merger Agreement on April 4, 2022. On June 23, 2023, Sphere 3D completed a reverse stock split of its common shares on a 1 -for-7basis. This resulted in the Company holding 121,428shares. The shares are accounted for in accordance with ASC 320 — Investments — Debt and Equity Securities, as such the shares will be classified as available -for -salesecurities and will be measured at each reporting period at fair value with the unrealized gain or (loss) as a component of other income (expense). The table below summarizes the movement in this account for the years ended December 31,

|                                |     |   |     2024 |   |     |   |    2023 |
|:-------------------------------|:----|:--|---------:|:--|:----|:--|--------:|
| Fair value beginning of period |     | $ |  403,000 |   |     | $ | 235,000 |
| Change in fair value           |     |   | (288,000 | ) |     |   | 168,000 |
| Balance end of period          |     | $ |  115,000 |   |     | $ | 403,000 |

NOTE 4 — DEPOSITS The deposits are summarized as of December 31,

|                                     |     |   |      2024 |   |     |   |    2023 |
|:------------------------------------|: