Company: ABTC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076632
Chunk: 52

Company: American Bitcoin Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 52
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52 months.

Unrealized gain on
digital assets

For
the six months ended June 30, 2025, the Company incurred an unrealized gain on digital assets of $74,000 as compared to an unrealized
gain of $1,385,000 for the six months ended June 30, 2024. The fair market value of a Bitcoin as of December 31, 2024 was approximately
$93,000 as compared to approximately $107,000 as of June 30, 2025. The increase of approximately $14,000 and the number of Bitcoin held
by us (approximately 9 as of June 30, 2025) resulted in the unrealized gain for the six months ended June 30, 2025. The fair market
value of a Bitcoin as of December 31, 2023 was approximately $43,000 as compared to approximately $62,000 as of June 30, 2024. The increase
of approximately $19,000 and the number of Bitcoin held by us (approximately 16 as of June 30, 2024) resulted in an unrealized gain for
the six months ended June 30, 2024.

Other income (expense)

    Changes 

    2025  
    2024  
    Dollar  
    Percentage 
  
    Unrealized loss on marketable securities 
    $(43,000) 
    $(272,000) 
    $(229,000) 
     (84.2)%
  
    Gain on extinguishment of account payable 
     449,000  
     -  
     (449,000) 
     (100.0)
  
    Change in fair value of BTC Note 
     -  
     (6,895,000) 
     (6,895,000) 
     (100.0)
  
    Merger and acquisition costs 
     (3,164,000) 
     (394,000) 
     2,770,000  
     703.0 
  
    Loss on disposal of asset 
     (83,000) 
     (146,000) 
     (63,000) 
     (43.2)
  
    ABTC merger costs 
     (989,000) 
     -  
     989,000  
     100.0