Radcliffe Capital Management L.P. Acquires Shares of 556,079 Bitcoin Infrastructure Acquisition Corp Ltd $BIXI

Radcliffe Capital Management L.P. acquired a new position in shares of Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 556,079 shares of the company’s stock, valued at approximately $5,477,000.

Several other hedge funds have also recently modified their holdings of the stock. Berkley W R Corp acquired a new position in Bitcoin Infrastructure Acquisition in the 4th quarter valued at $1,997,000. Clear Street Group Inc. purchased a new stake in shares of Bitcoin Infrastructure Acquisition in the fourth quarter valued at about $2,129,000. Hudson Bay Capital Management LP acquired a new position in shares of Bitcoin Infrastructure Acquisition during the fourth quarter worth about $2,465,000. Walleye Capital LLC acquired a new position in shares of Bitcoin Infrastructure Acquisition during the fourth quarter worth about $2,958,000. Finally, Glazer Capital LLC purchased a new position in Bitcoin Infrastructure Acquisition during the fourth quarter worth about $3,512,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Bitcoin Infrastructure Acquisition in a report on Monday, March 16th. They issued a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Bitcoin Infrastructure Acquisition Stock Performance

NASDAQ:BIXI opened at $9.99 on Wednesday. The stock’s fifty day moving average is $9.96. Bitcoin Infrastructure Acquisition Corp Ltd has a fifty-two week low of $9.80 and a fifty-two week high of $10.00.

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

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.