Context Capital Management LLC Sells 300,000 Shares of Bitcoin Infrastructure Acquisition Corp Ltd $BIXI

Context Capital Management LLC cut its stake in Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) by 33.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600,000 shares of the company’s stock after selling 300,000 shares during the period. Context Capital Management LLC’s holdings in Bitcoin Infrastructure Acquisition were worth $6,072,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Robinson Capital Management LLC lifted its position in shares of Bitcoin Infrastructure Acquisition by 100.0% during the 2nd quarter. Robinson Capital Management LLC now owns 20,000 shares of the company’s stock valued at $200,000 after acquiring an additional 10,000 shares during the period. Berkley W R Corp grew its holdings in shares of Bitcoin Infrastructure Acquisition by 12.8% during the 1st quarter. Berkley W R Corp now owns 228,781 shares of the company’s stock worth $2,270,000 after purchasing an additional 26,001 shares in the last quarter. Gritstone Asset Management LLC acquired a new stake in shares of Bitcoin Infrastructure Acquisition during the 1st quarter worth $347,000. ABC Arbitrage SA bought a new position in shares of Bitcoin Infrastructure Acquisition in the first quarter worth $397,000. Finally, Bulldog Investors LLP bought a new position in shares of Bitcoin Infrastructure Acquisition in the first quarter worth $744,000.

Bitcoin Infrastructure Acquisition Stock Down 0.1%

Shares of Bitcoin Infrastructure Acquisition stock opened at $10.13 on Wednesday. The company has a 50 day moving average of $10.10 and a 200-day moving average of $10.00. Bitcoin Infrastructure Acquisition Corp Ltd has a 1-year low of $9.80 and a 1-year high of $10.33.

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Bitcoin Infrastructure Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Bitcoin Infrastructure Acquisition

Bitcoin Infrastructure Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, business combination or similar transaction. Its stated focus is on businesses involved in Bitcoin infrastructure. As a SPAC, the company does not operate a Bitcoin network or offer products and services to customers. Its business is to identify and complete a transaction with a target company; its activities and operations may change if a transaction is completed. Further details about its operating history, geographic reach and leadership are not included here because reliable information was not available.