Company: ABTC
Filing Date: 2025-09-03
Form Type: 424B5
Source: 0001213900-25-083737
Chunk: 10

Company: American Bitcoin Corp.
Filing Date: 2025-09-03
Form: 424B5
Chunk 10
---
 our Class A common stock sold, if any, will depend on a variety of factors to be determined by
us. Because there is no assurance that we will offer and sell any shares of our Class A common stock in this offering and we are unable
to predict the price at which any shares may be sold, the actual total public offering amount, commissions and net proceeds to us, if
any, are not determinable at this time. There is no minimum amount of funds that must be raised in this offering.

We currently intend to use
the net proceeds, if any, from sales of our Class A common stock in this offering to purchase Bitcoin, purchase Bitcoin mining ASICs
and for other general corporate purposes. Our expected use of net proceeds from this offering represents our current intentions based
upon our present plans and business condition. The amounts and timing of our actual use of net proceeds will depend on numerous factors.
We will retain broad discretion of the use of the net proceeds from any sale of Class A common stock by us. Pending utilization, we may
temporarily invest the net proceeds from this offering, including in money market funds or other short-term, investment-grade, interest-bearing
investments.

<div align='center'>S-5

capitalization</div>

Other than the Reverse Stock Split described herein
and in our Current Report on Form 8-K filed on September 3, 2025, there have been no material changes to our capitalization as set forth
in our Pro Forma Financial Statements since June 30, 2025.

<div align='center'>S-6

Dilution</div>

If you invest in our Class
A common stock in this offering, your ownership interest will be diluted to the extent of the difference between the public offering price
per share of our Class A common stock in this offering and the pro forma as-adjusted net tangible book value per share of our common stock
immediately after this offering.

Our pro forma net tangible
book value as of June 30, 2025, was approximately $292.5 million, or $0.32 per share of our common stock, based on 908,331,161 shares
of our Class A common stock and Class B common stock outstanding as of June 30, 2025, on a pro forma basis after giving effect to the
Mergers and the Reverse Stock Split. Pro forma net tangible book value represents the amount of our total tangible assets, less total
liabilities, after giving effect