Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) Trading at $10.12

Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI – Get Free Report)’s share price traded down 0% during mid-day trading on Monday. The stock traded as low as $10.11 and last traded at $10.1150. Approximately 10,266 shares changed hands during trading, a decline of 62% from the average session volume of 26,696 shares. The stock had previously closed at $10.12.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on BIXI

Bitcoin Infrastructure Acquisition Stock Performance

The stock has a 50-day moving average price of $10.10 and a 200 day moving average price of $10.00.

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.06 earnings per share for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Robinson Capital Management LLC boosted its holdings in shares of Bitcoin Infrastructure Acquisition by 100.0% in the second quarter. Robinson Capital Management LLC now owns 20,000 shares of the company’s stock valued at $200,000 after buying an additional 10,000 shares during the period. Gritstone Asset Management LLC acquired a new stake in shares of Bitcoin Infrastructure Acquisition during the first quarter worth $347,000. ABC Arbitrage SA acquired a new stake in shares of Bitcoin Infrastructure Acquisition during the first quarter worth $397,000. Bulldog Investors LLP acquired a new stake in shares of Bitcoin Infrastructure Acquisition during the first quarter worth $744,000. Finally, DLD Asset Management LP bought a new stake in Bitcoin Infrastructure Acquisition in the 1st quarter valued at $992,000.

About Bitcoin Infrastructure Acquisition

(Get Free Report)

Bitcoin Infrastructure Acquisition Corp. is a special purpose acquisition company (SPAC) that was formed to pursue a business combination with a company operating in the bitcoin, cryptocurrency, blockchain or digital-asset infrastructure sectors. Rather than developing and selling products of its own, the company’s primary objective is to identify a suitable acquisition target or merger partner.

Potential areas of interest may include bitcoin mining, digital-asset computing, blockchain technology, data-center infrastructure and other businesses that support cryptocurrency networks.

Further Reading

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