Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 451

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 451
---
 the impact of adopting the standard. In November 2024, the FASB issued ASU 2024 -03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220 -40).” The amendments require the disclosure of specified information about certain costs and expenses including purchases of inventory, employee compensation, depreciation, intangible asset amortization, and depreciation, depletion, and amortization recognized as part of oil and gas producing activities. It also requires the disclosure of a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively as well as the total amount of selling expenses and, in annual reporting periods, an entity’s definition of selling expenses. The standard will be effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. We are currently evaluating the impact that the adoption of the provisions of the ASU will have on our unaudited condensed consolidated financial statements. We are currently evaluating the impact that the adoption of the provisions of the ASU will have on our unaudited condensed consolidated financial statements. NOTE 2 — DIGITAL ASSETS The following table summarizes the digital currency transactions of Bitcoin for:

| ASC 2023-08 fair value adjustment                           |     | As of     
 March 31, 
 2025      |          — |   |     | As of        
 December 31, 
 2024         |     739,000 |   |
|:------------------------------------------------------------|:----|:----------|-----------:|:--|:----|:-------------|------------:|:--|
| Digital assets beginning balance                            |     |           |  1,016,000 |   |     |              |   2,097,000 |   |
| Revenue recognized from mined digital assets                |     |           |  1,545,000 |   |     |              |  20,539,000 |   |
| Cost of digital assets sold for cash                        |     |           | (1,647,000 | ) |     |              | (20,260,000 | ) |
| Cost of digital assets transferred for noncash expenditures |     |           |          — |   |     |              |  (3,665,000 | ) |
| Fair value gain on digital assets                           |     |           |   (127,000 | ) |     |              |   1,566,000