Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI – Get Free Report)’s share price was up 0.1% during trading on Friday . The company traded as high as $10.00 and last traded at $10.01. Approximately 28,408 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 21,589 shares. The stock had previously closed at $10.00.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Bitcoin Infrastructure Acquisition in a research report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Analysis on BIXI
Bitcoin Infrastructure Acquisition Price Performance
Bitcoin Infrastructure Acquisition (NASDAQ:BIXI – Get Free Report) last issued its quarterly earnings data on Monday, March 30th. The company reported $0.03 EPS for the quarter.
Hedge Funds Weigh In On Bitcoin Infrastructure Acquisition
A number of hedge funds have recently modified their holdings of BIXI. TrueMark Investments LLC purchased a new stake in Bitcoin Infrastructure Acquisition in the 1st quarter valued at $148,000. Gritstone Asset Management LLC acquired a new stake in shares of Bitcoin Infrastructure Acquisition during the first quarter worth about $347,000. ABC Arbitrage SA purchased a new position in shares of Bitcoin Infrastructure Acquisition during the first quarter worth about $397,000. Virtu Financial LLC acquired a new position in Bitcoin Infrastructure Acquisition in the 4th quarter valued at about $530,000. Finally, Bulldog Investors LLP purchased a new stake in Bitcoin Infrastructure Acquisition during the 1st quarter valued at approximately $744,000.
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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