American Bitcoin Shares Jump 7.3% as H.C. Wainwright Starts Coverage With Buy
- —ABTC closed at $8.68, up $0.59 from its previous close of $8.09
- —H.C. Wainwright initiated coverage with a Buy rating and a $22 target, implying 154.5% upside
- —The three-analyst average price target stands at $17.67, with a range of $15 to $22
- —The company holds 8,300 BTC in its treasury, valued at roughly $689 million
Why it matters: The rally in the Bitcoin miner and treasury company signals Wall Street still favors public-market crypto exposure despite ABTC's extreme volatility.
Source: The Crypto Times