DLD Asset Management LP Takes Position in Bitcoin Infrastructure Acquisition Corp Ltd $BIXI

DLD Asset Management LP purchased a new position in shares of Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $992,000.

A number of other hedge funds have also recently added to or reduced their stakes in BIXI. Aristeia Capital L.L.C. bought a new position in Bitcoin Infrastructure Acquisition in the 4th quarter worth approximately $15,277,000. AQR Arbitrage LLC bought a new position in Bitcoin Infrastructure Acquisition in the 4th quarter valued at $11,439,000. Verition Fund Management LLC acquired a new stake in shares of Bitcoin Infrastructure Acquisition in the 4th quarter valued at $10,353,000. BNP Paribas Financial Markets acquired a new stake in shares of Bitcoin Infrastructure Acquisition in the 4th quarter valued at $6,309,000. Finally, Context Capital Management LLC bought a new stake in shares of Bitcoin Infrastructure Acquisition during the first quarter worth $5,952,000.

Bitcoin Infrastructure Acquisition Price Performance

BIXI opened at $10.02 on Thursday. The stock’s fifty day simple moving average is $9.99. Bitcoin Infrastructure Acquisition Corp Ltd has a 52 week low of $9.80 and a 52 week high of $10.02.

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

Analyst Ratings Changes

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

Bitcoin Infrastructure Acquisition 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.