Bitcoin Infrastructure Acquisition Corp Ltd’s Lock-Up Period To Expire on June 1st (NASDAQ:BIXI)

Bitcoin Infrastructure Acquisition’s (NASDAQ:BIXI) lock-up period will expire on Monday, June 1st. Bitcoin Infrastructure Acquisition had issued 20,000,000 shares in its IPO on December 2nd. The total size of the offering was $200,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Bitcoin Infrastructure Acquisition in a report on Monday, March 16th. They set a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Bitcoin Infrastructure Acquisition currently has a consensus rating of “Sell”.

Bitcoin Infrastructure Acquisition Trading Down 0.1%

NASDAQ BIXI opened at $9.97 on Monday. Bitcoin Infrastructure Acquisition has a 1 year low of $9.80 and a 1 year high of $10.00. The firm has a fifty day moving average of $9.93.

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) last posted its quarterly earnings results on Monday, March 30th. The company reported $0.03 earnings per share (EPS) for the quarter.

Institutional Trading of Bitcoin Infrastructure Acquisition

Several large investors have recently added to or reduced their stakes in BIXI. BNP Paribas Financial Markets acquired a new stake in Bitcoin Infrastructure Acquisition during the 4th quarter valued at $6,309,000. Periscope Capital Inc. acquired a new stake in Bitcoin Infrastructure Acquisition during the 4th quarter valued at $3,776,000. Glazer Capital LLC acquired a new stake in Bitcoin Infrastructure Acquisition during the 4th quarter valued at $3,512,000. Hudson Bay Capital Management LP acquired a new stake in Bitcoin Infrastructure Acquisition during the 4th quarter valued at $2,465,000. Finally, Walleye Capital LLC acquired a new stake in Bitcoin Infrastructure Acquisition during the 4th quarter valued at $2,958,000.

Bitcoin Infrastructure Acquisition Company Profile

Bitcoin Infrastructure Acquisition (NASDAQ: BIXI) is a publicly listed special purpose acquisition company (SPAC) formed to identify and complete a business combination with one or more operating businesses in the bitcoin infrastructure sector. As a blank‑check vehicle, the company’s primary purpose is to raise capital through its public listing and use those funds to pursue mergers, acquisitions or business combinations that expand access to bitcoin mining, hosting and related infrastructure services.

While the SPAC itself does not operate mining facilities or produce hardware, its investment focus is on companies that provide the physical and technological backbone for bitcoin and other digital asset networks.