Periscope Capital Inc. bought a new stake in Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 383,400 shares of the company’s stock, valued at approximately $3,776,000.
Separately, BNP Paribas Financial Markets acquired a new position in shares of Bitcoin Infrastructure Acquisition during the fourth quarter worth about $6,309,000.
Bitcoin Infrastructure Acquisition Trading Down 0.2%
Shares of Bitcoin Infrastructure Acquisition stock opened at $9.98 on Friday. Bitcoin Infrastructure Acquisition Corp Ltd has a 52-week low of $9.80 and a 52-week high of $10.00. The business’s 50-day moving average price is $9.94.
Analyst Ratings Changes
Separately, Weiss Ratings began coverage on shares of Bitcoin Infrastructure Acquisition in a research note on Monday, March 16th. They set a “sell (e-)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Bitcoin Infrastructure Acquisition has an average rating of “Sell”.
About Bitcoin Infrastructure Acquisition
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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