Athena $BTC Files Registration for 473 Million Share Resale by Early Investors


Athena #Bitcoin Global has filed an S-1 registration to enable the resale of 473 million shares by former investors and insiders.


The $BTC ATM operator's filing allows early backers to exit positions acquired through convertible debt agreements.


Many shares were issued following the conversion of secured convertible debentures into equity.


Athena gained prominence as the first operator to deploy $BTC ATMs in El Salvador during the country's $BTC adoption.


The company trades on OTC Pink Market under the ticker ABIT at $0.0394, with a daily volume averaging $10,367.


Athena cited broader #crypto market headwinds from FTX, Celsius, and Voyager collapses as factors impacting transaction volumes.

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June 25, 2025 at 11:25 AM
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