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The latest update is out from Athena Bitcoin Global ( (ABIT) ).
On July 7, 2025, Athena Bitcoin Global‘s majority shareholders approved the 2025 Equity Incentive Plan and a reverse stock split through a written consent. The reverse stock split, pending regulatory approval, will consolidate shares at a one-for-three hundred ratio without affecting authorized shares or par value, with the board retaining the option to abandon the split.
Spark’s Take on ABIT Stock
According to Spark, TipRanks’ AI Analyst, ABIT is a Neutral.
Athena Bitcoin Global’s improving financial performance is a strong point, but the stock faces challenges due to its technical indicators suggesting limited momentum and a high valuation ratio indicating potential overvaluation.
To see Spark’s full report on ABIT stock, click here.
More about Athena Bitcoin Global
Athena Bitcoin Global operates in the cryptocurrency industry, focusing on providing financial services related to Bitcoin and other digital currencies. The company is involved in offering Bitcoin ATMs and other related services, catering to the growing market of cryptocurrency users.
Average Trading Volume: 229,203
Technical Sentiment Signal: Strong Sell
Current Market Cap: $202.7M
For detailed information about ABIT stock, go to TipRanks’ Stock Analysis page.