American Bitcoin Corp. gets ‘Buy’ rating from BTIG with $15 price target, implying 88% upside

BTIG initiated coverage of American Bitcoin Corp. (NASDAQ: ABTC) on September 16 with a Buy rating and a $15 price target, suggesting the stock could nearly double from its recent close near $8. The shares ticked up about 1% in premarket trading on the news, a modest reaction for a company whose stock has been in freefall for most of 2026. That $15 target implies roughly 88% upside. For a stock that’s down about 69% year-to-date, that’s less “optimistic analyst” and more “the market is pricing this thing like it’s radioactive, and BTIG disagrees.” What BTIG sees in the wreckage American Bitcoin holds approximately 8,002 BTC in its treasury, a stash large enough to place it among the top 15 publicly traded Bitcoin holders in the US. On the mining side, the company operates with a hash rate of roughly 28 EH/s, accounting for approximately 3% of the global Bitcoin hash rate. The firm’s second quarter of 2026 was its strongest yet in terms of production. American Bitcoin mined 932 BTC during Q2, a 14% increase compared to the prior quarter. That sequential growth helped push the treasury past the 8,000 BTC mark. A company built for accumulation American Bitcoin’s origin story is relati...