BTIG initiates American Bitcoin at Buy with $15 price target
- —The $15 price target implies 88% upside from around $8
- —The company holds about 8,002 BTC in treasury — top 15 among U.S. public holders
- —Hashrate of 28 EH/s — roughly 3% of global Bitcoin hashrate
- —Mined 932 BTC in Q2 2026, up 14% from the previous quarter
Why it matters: ABTC shares are down 69% year-to-date, and BTIG's rating could draw attention to the gap between its BTC treasury and market capitalization.
Source: Crypto Briefing