Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 367

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 367
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31, 2025 was reduced in comparison to the depreciation expense for the three months ended March 31, 2024. Unrealized loss (gain) on digital assets For the three months ended March 31, 2025 the Company incurred an unrealized loss on digital assets of $127,000 as compared to an unrealized gain of $1,703,000 for the three months ended March 31, 2024. The fair market value of Bitcoin as of December 31, 2023 was approximately $43,000 as compared to approximately $71,000 as of March 31, 2024. The increase of approximately $28,000 and our number of Bitcoin held, of approximately59, as of March 31, 2024 resulted in an unrealized gain for the three months ended March 31, 2024. The fair market value of Bitcoin as of December 31, 2024 was approximately $93,000 as compared to approximately $83,000 as of March 31, 2025. The decrease of approximately $10,000 and our number of Bitcoin held, of approximately10, as of March 31, 2025 resulted in the unrealized loss for the three months ended March 31, 2025. Other income (expense)

| Dollar                                    |     | 2025 |            | Percentage |     | 2024 |             |   |     | Changes |            |   |     |        |    |
|:------------------------------------------|:----|:-----|-----------:|:-----------|:----|:-----|:------------|:--|:----|:--------|-----------:|:--|:----|-------:|:---|
| Unrealized loss on marketable securities  |     | $    |    (66,000 | )          |     | $    | (216,000    | ) |     | $       |    150,000 |   |     |   69.4 | %  |
| Gain on extinguishment of account payable |     |      |    449,000 |            |     |      | —           |   |     |         |    449,000 |   |     |  100.0 | %  |
| Change in fair value of BTC Note          |     |      |          — |            |     |      | (9,638,000  | ) |     |         |  9,638,000