BTIG Sees Nearly Double Upside for American Bitcoin Corp.

BTIG, a financial services firm, has initiated coverage of American Bitcoin Corp. (NASDAQ: ABTC) with a 'Buy' rating and a $15 price target.

This suggests that the stock could nearly double from its recent close near $8, implying approximately 88% upside.

The company's treasury holds around 8,002 BTC, making it one of the top 15 publicly traded Bitcoin holders in the US. American Bitcoin operates with a hash rate of roughly 28 EH/s, accounting for about 3% of the global Bitcoin hash rate.

In its second quarter of 2026, the company achieved its strongest production yet, mining 932 BTC, a 14% increase from the prior quarter.