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Dilution profile // every instrument, one screen, from SEC filings

American Bitcoin Corp. (ABTC)

CIK 1755953 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$5000M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
LOWwarrants = 0% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
HIGH+1769% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
HIGH~0.1 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2019-11-132025-08-14

Latest: 82.8M shares as of Aug 14, 2025 (10-Q). Share count fell from 80.3M to 4.4M between Aug 11, 2022 and Nov 10, 2022, a pattern consistent with a reverse split (roughly 1-for-18); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

~0 months of cash left

critical · burning $19.9M / quarter

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 1,521 underlying shares, as reported Jun 30, 2026 (10-Q).

Reported exercise price: $555 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $888,000 as of Jun 30, 2025.

Down-round (price protection) accounting has been tagged in this filer’s XBRL: some instrument carries repricing protection. Which tranche requires reading the exhibits.

Rough fully diluted estimate: 82.8M = 82.8M O/S + 1,521 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed Aug 3, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding82.8MAug 14, 2025
+ Warrants (aggregate, as tagged) (if exercised)1,521Jun 30, 2026
Fully diluted estimate82.8M+0.0% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $5000.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3Aug 6, 2025$5000.0M registeredfiling →
S-3Nov 25, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Apr 18, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 2 executed · 1 registered.

EXECUTEDSep 3, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
EXECUTEDSep 3, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVESep 3, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDAug 29, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A →
UPDATEAug 15, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
REGISTEREDAug 6, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →
UPDATEJul 31, 2025Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEJul 31, 2025SEC declared a registration effective — selling can beginEFFECT →
EXECUTEDJan 13, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EXECUTEDJan 10, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →
UPDATEDec 4, 2024Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEDec 4, 2024SEC declared a registration effective — selling can beginEFFECT →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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