Whitebox Advisors LLC Makes New $1.98 Million Investment in Bitcoin Infrastructure Acquisition Corp Ltd $BIXI

Whitebox Advisors LLC bought a new position in shares of Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $1,984,000.

Several other hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets purchased a new stake in shares of Bitcoin Infrastructure Acquisition in the fourth quarter valued at approximately $6,309,000. Periscope Capital Inc. purchased a new position in Bitcoin Infrastructure Acquisition in the fourth quarter worth $3,776,000. Glazer Capital LLC purchased a new position in Bitcoin Infrastructure Acquisition in the fourth quarter worth $3,512,000. Hudson Bay Capital Management LP acquired a new stake in Bitcoin Infrastructure Acquisition in the fourth quarter valued at $2,465,000. Finally, Walleye Capital LLC acquired a new stake in Bitcoin Infrastructure Acquisition in the fourth quarter valued at $2,958,000.

Bitcoin Infrastructure Acquisition Price Performance

Shares of Bitcoin Infrastructure Acquisition stock opened at $10.02 on Monday. The firm has a 50-day moving average of $9.99. Bitcoin Infrastructure Acquisition Corp Ltd has a 12-month low of $9.80 and a 12-month high of $10.02.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Bitcoin Infrastructure Acquisition in a research note on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.