ABTC Value Score Rises

Benzinga

American Bitcoin’s value score jumped as its price aligned more closely with underlying assets after a steep sell-off tied to lock-up expirations. Despite a 63% monthly drop, Roth Capital initiated coverage with a Buy rating and a $4 target, noting the firm’s 4,783 BTC reserve.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03American Bitcoin saw its Benzinga Edge value score rise from 27.15 to 41.59 week over week,

00:10following a sharp sell-off, according to Benzinga. The spike indicates a more favorable alignment

00:15between its market price and underlying assets. The stock has fallen 62.88% over the past month

00:21after lockup expirations for early investors, including co-founder Eric Trump, and was down

00:2764.47% over six months. Roth capital analyst Darren Aftahi initiated coverage with a buy rating

00:34and a $4 price target. The company holds 4,783 BTC valued at about $432 million.

00:42For all things money, visit Benzinga.com.

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