American Bitcoin initiated with a Buy at Roth Capital

Roth Capital analyst Darren Aftahi initiated coverage of American Bitcoin (ABTC) with a Buy rating and $4 price target The firm says the stock gives investors exposure to a “differentiated miner and treasury platform,” built to maximize bitcoin exposure. American Bitcoin’s catalysts include pace of scale, strategic and accretive reserve expansion, and potential roll-ups, the analyst tells investors in a research note.