Periscope Capital Inc. bought a new position in shares of Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 Bitcoin Infrastructure Acquisition during the fourth quarter worth about $6,309,000.
Analysts Set New Price Targets
Separately, Weiss Ratings initiated coverage on shares of Bitcoin Infrastructure Acquisition in a research report on Monday, March 16th. They set a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.
Bitcoin Infrastructure Acquisition Trading Down 0.2%
Shares of BIXI opened at $9.98 on Friday. The business’s 50-day moving average is $9.94. Bitcoin Infrastructure Acquisition Corp Ltd has a twelve month low of $9.80 and a twelve month high of $10.00.
Bitcoin Infrastructure Acquisition (NASDAQ:BIXI – Get Free Report) last issued its earnings results on Monday, March 30th. The company reported $0.03 earnings per share for the quarter.
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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