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American Bitcoin Corp. co-founder Eric Trump celebrated the company’s growing Bitcoin reserve Monday, signaling that 'the best is yet to come.' Trump Sets Ambitious Target For ABTC Trump said in an X post that within a span of four months, the company has grown to become the 19th largest Bitcoin treasury, holding 5,427 BTC, worth $509 million, as of this writing. 'In just 4 months, we’ve built one of the fastest-growing and strongest Bitcoin companies on Earth,' Trump said. 'Disciplined accumulation. Relentless execution.' Trump added that the company’s next target is to surpass Galaxy Digital Inc. and Next Technology Holding Inc. to become the 16th-largest corporate holder of Bitcoin. Michael Saylor’s Strategy Inc. is sitting pretty at the top, with a whopping $63 billion worth of Bitcoin on its books. ABTC Has Cratered Since Launch American Bitcoin, a majority-owned subsidiary of Hut 8 Corp., completed its all-stock merger and began trading on Nasdaq in early September. However, the stock has tumbled nearly 75% since launch, in part due to Bitcoin’s decline and the expiration of ABTC's lock-up period, which enabled early investors to sell their shares and realize profits. Interestingly, despite the slump, Roth Capital analyst Darren Aftahi initiated coverage of the stock with a "Buy" rating and set a price target of $4. Price Action: At the time of writing, BTC was exchanging hands at $93,715.33, up 0.81% in the last 24 hours, according to data from Benzinga Pro. American Bitcoin shares rose 0.05% in after-hours trading after closing 3.48% higher at $2.020 during Monday’s regular trading session. Benzinga’s Edge Stock Rankings showed that the stock had a weaker price trend in the short, medium and long terms. How does it compare with Strategy and other Bitcoin treasury stocks? Find out here.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
