00:00It's Benzinga, bringing Wall Street to Main Street.
00:03A Roth Capital analyst projected more than 100% upside for American Bitcoin,
00:08even as the stock faced heavy sell-offs, according to Benzinga.
00:11Darren Afdahi initiated ABTC with a buy rating
00:14and a $4 target that implies a 106% upside from Wednesday's close.
00:20Roth Capital underwrites a SPAC called Columbia Acquisition Corp.
00:25Three, which lists Donald Trump Jr. as a director.
00:28The stock fell more than 60% this month and nearly 20% this week
00:32after its lockup expired and early investors, including Eric Trump, were allowed to sell.
00:38The company is building a strategic Bitcoin reserve
00:40and holds 4,783 BTC valued at $432 million.
00:47American Bitcoin rose 1.55% in pre-market trading
00:51after closing 5.37% lower at $1.94 on Wednesday.
00:56For all things money, visit Benzinga.com.
Comments