BTIG initiated coverage of American Bitcoin Corp. with a Buy rating and a $15 price target on September 16, adding Wall Street coverage to the Bitcoin miner and treasury company co-founded by Eric Trump. The target was about 84% above the September 16 closing price of $8.14, while shares rose 9.09% to $8.88 at 2:57 p.m. UTC on September 17. The stock had gained 1.88% the previous day but remained roughly 69% below its 2026 starting level and well below a 52-week high above $120. American Bitcoin held about 8,002 BTC as of June 30, up from roughly 7,021 three months earlier, and mined about 932 BTC during the second quarter. Its operations run at approximately 28 EH/s. The company combines Bitcoin mining with retaining Bitcoin on its balance sheet and is now a majority-owned subsidiary of Hut 8. It began trading on Nasdaq under ABTC in September 2025 following its merger with Gryphon Digital Mining. The stock's gain came as Bitcoin traded around $76,000 after earlier weekly weakness linked to the Senate's failure to advance the CLARITY Act and renewed expectations for tighter U.S. monetary policy, making the move notable as an individual stock gain rather than evidence of a broad recovery across crypto-related equities.