Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 400,000 shares of the company’s stock, valued at approximately $3,968,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Aristeia Capital L.L.C. bought a new stake in shares of Bitcoin Infrastructure Acquisition in the 4th quarter worth about $15,277,000. AQR Arbitrage LLC purchased a new position in Bitcoin Infrastructure Acquisition in the fourth quarter worth about $11,439,000. Verition Fund Management LLC purchased a new position in Bitcoin Infrastructure Acquisition in the fourth quarter worth about $10,353,000. BNP Paribas Financial Markets bought a new stake in Bitcoin Infrastructure Acquisition during the fourth quarter worth approximately $6,309,000. Finally, Radcliffe Capital Management L.P. bought a new stake in Bitcoin Infrastructure Acquisition during the fourth quarter worth approximately $5,477,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e)” rating on shares of Bitcoin Infrastructure Acquisition in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Bitcoin Infrastructure Acquisition Stock Performance
Bitcoin Infrastructure Acquisition stock opened at $10.01 on Thursday. Bitcoin Infrastructure Acquisition Corp Ltd has a 1-year low of $9.80 and a 1-year high of $10.02. The stock has a 50-day moving average price of $9.99.
Bitcoin Infrastructure Acquisition (NASDAQ:BIXI – Get Free Report) last announced its earnings results on Monday, March 30th. The company reported $0.03 earnings per share (EPS) for the quarter.
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.
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