Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 375

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 375
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. 213 Protection of Bitcoin Assets ABTC uses third -partycustody solutions, including Coinbase Custody to safeguard its Bitcoin, mainly in “cold storage” wallets. ABTC does not self -custodyits Bitcoin or hold, sell or transact in Bitcoin or any other digital asset for any person other than itself. ABTC enables and uses two -factorauthentication to access systems (“ Custody Applications”) provided by its custodians. All account users are required to complete two -factorauthentication setup prior to log -in. An authorized persons listing is maintained and evaluated as part of regular user access reviews, limiting access to Custody Applications. Any changes to the Custody Applications related to users, withdrawals or other operational tasks require approval from multiple authorized persons. If withdrawal transactions are ever required, for example, to rebalance holdings across custodians, only certain whitelisted wallets can receive funds withdrawn from the Custody Applications. A verification video call, in addition to approval from two (2) authorized persons, is required for any new whitelisted withdrawal. Recent Developments On June24, 2025, the ABTC board of directors approved the issuance and sale, in a private placement financing transaction, of ABTC Class A Common Stock for $200million of gross proceeds (up to a maximum of $250million of gross proceeds to satisfy oversubscriptions) to ABTC. On June27, 2025, ABTC completed the first closing of the external financing in the form of a private placement of 11,002,954shares of ABTC Class A Common Stock to third party investors. ABTC received aggregate gross proceeds of $220,059,080 and aggregate net proceeds of approximately $215million after deducting certain fees and expenses incurred in connection with the financing. ABTC intends to use the net proceeds from the financing to fund its strategic and Bitcoin accumulation goals, which may include, but is not limited to, the purchase of Bitcoin and/or miners. Prior to the Closing, ABTC may complete further issuances of ABTC Class A Common Stock or other securities. The amount and timing of such issuances, if any, is currently not known. Material Agreements Master Colocation Services Agreement On March 31, 2025, in connection with the Contributions, ABTC entered into the MCSAwith U.S. Data Mining Group, Inc., a Nevada corporation and a wholly owned subsidiary of Hut 8 (“ USDMG”). The MCSA and the service orders under the MCSA provide for certain