Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 554

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 554
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,541 |     |   | — |
| Total derivatives                                  |     |                              |           | $                  | 20,862 |     | $ | — |

Bitcoin redemption option During December 2024, Parent pledged approximately 968 Bitcoin with BITMAIN in connection with a purchase of approximately 30,000 BITMAIN Antminer S21+ ASIC miners pursuant to the BITMAIN Purchase Agreement. Parent has the option to redeem the pledged Bitcoin at a mutually agreed upon price starting from and for up to three months after the shipment date of the purchased ASIC miners. The amount of Bitcoin that can be redeemed is pro -rataof the percentage of miners shipped. ABTC accounted for this Bitcoin redemption option as a Level 2 derivative asset as noted in Note 2. ABTC accounted for this Bitcoin redemption option as a Level 3 derivative asset as of December 31,

F-90

American Bitcoin Corp.
Notes to the Combined Financial Statements Note 7. Derivatives (cont.) 2024 due to a significant unobservable input included in the fair value estimate of the Bitcoin redemption option, which was the estimated shipment date of the purchased ASIC miners. During the three months ended March 31, 2025, the shipment date was finalized and therefore was no longer an unobservable input. The following table provides a summary of activity and change in fair value of the Bitcoin redemption option (previously a Level 3 derivative asset):

| (in USD thousands)           |     | Three Months 
 Ended        
 March 31,    
 2025         |         |   |
|:-----------------------------|:----|:-------------|--------:|:--|
| Balance, beginning of period |     | $            |  18,076 |   |
| Transfer out of Level 3(1)   |     |              | (18,076 | ) |
| Balance, end of period       |     | $            |       — |   |

____________ (1)The Bitcoin redemption option was transferred out of Level 3 due to changes in the observability of inputs used in the valuation and retained by the Parent after the effectiveness of Transactions. Covered call options During October 2024, Parent sold covered call options on 2,000 Bitcoin notional for proceeds of $2.9 million to generate cash flow on a portion of its digital assets. During November 2024, Parent rolled these call options into new call options with the same Bitcoin notional. Parent achieved this roll by exchanging its previous call options sold for