Home / Auditor changes / American Bitcoin Corp.
Filed 2025-09-25 路 Form 8-K 路 Accession 0001193125-25-216371 mid
Price before filing: $104.8 (2025-09-24 close, split/dividend-adjusted)
Market cap at flag: $5.95B (2025-09-25) 路 Latest: $540.4M (2026-10-16)
| Window | ABTC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -14.7% | +3.7% | -18.4% | 2025-10-27 |
| 90 days | -73.1% | +4.7% | -77.8% | 2025-12-24 |
| 180 days | -86.4% | -0.6% | -85.8% | 2026-03-24 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $20.2M (3 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-03 | Anchorage Lending CA, LLC (+1 joint filer) Director, 10% owner | Sale | 1,250,170 | $7.36 | $9.2M | no | Form 4 |
| 2025-09-03 | Anchorage Lending CA, LLC (+1 joint filer) Director, 10% owner | Sale | 1,103,035 | $8.45 | $9.3M | no | Form 4 |
| 2025-09-03 | Anchorage Lending CA, LLC (+1 joint filer) Director, 10% owner | Sale | 181,285 | $9.20 | $1.7M | no | Form 4 |
| 2025-09-25: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-06-27 to 2025-10-25. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the "Company") dismissed RBSM LLP ("RBSM") as the Company's independent registered public accounting firm."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
Former auditor: RBSM LLP · New auditor: KPMG LLP
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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