Sona Asset Management US LLC Invests $1.31 Million in Bitcoin Infrastructure Acquisition Corp Ltd $BIXI

Sona Asset Management US LLC acquired a new position in Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 131,846 shares of the company’s stock, valued at approximately $1,308,000.

Several other institutional investors have also added to or reduced their stakes in BIXI. TrueMark Investments LLC acquired a new stake in Bitcoin Infrastructure Acquisition during the 1st quarter valued at approximately $148,000. Gritstone Asset Management LLC bought a new position in Bitcoin Infrastructure Acquisition during the 1st quarter worth approximately $347,000. ABC Arbitrage SA acquired a new position in shares of Bitcoin Infrastructure Acquisition in the 1st quarter worth approximately $397,000. Virtu Financial LLC acquired a new position in shares of Bitcoin Infrastructure Acquisition in the 4th quarter worth approximately $530,000. Finally, Bulldog Investors LLP acquired a new position in shares of Bitcoin Infrastructure Acquisition in the 1st quarter worth approximately $744,000.

Bitcoin Infrastructure Acquisition Stock Up 0.0%

NASDAQ BIXI opened at $10.02 on Monday. The business’s 50 day simple moving average is $9.99. Bitcoin Infrastructure Acquisition Corp Ltd has a one year low of $9.80 and a one year high of $10.02.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Bitcoin Infrastructure Acquisition in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

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.