Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) Releases Quarterly Earnings Results

Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) released its earnings results on Friday. The company reported $0.05 EPS for the quarter, FiscalAI reports.

Bitcoin Infrastructure Acquisition Trading Down 0.2%

Shares of BIXI stock traded down $0.02 during trading hours on Friday, hitting $10.15. The stock had a trading volume of 9,851 shares, compared to its average volume of 30,237. Bitcoin Infrastructure Acquisition has a one year low of $9.80 and a one year high of $10.33. The stock’s 50-day moving average price is $10.11 and its two-hundred day moving average price is $10.00.

Hedge Funds Weigh In On Bitcoin Infrastructure Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIXI. State Street Corp boosted its position in shares of Bitcoin Infrastructure Acquisition by 22.0% during the 3rd quarter. State Street Corp now owns 14,400 shares of the company’s stock valued at $145,000 after acquiring an additional 2,600 shares during the last quarter. Robinson Capital Management LLC grew 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 purchasing an additional 10,000 shares in the last quarter. First Trust Capital Management L.P. bought a new stake in Bitcoin Infrastructure Acquisition in the third quarter worth $175,000. Berkley W R Corp increased its position in Bitcoin Infrastructure Acquisition by 12.8% in the first quarter. Berkley W R Corp now owns 228,781 shares of the company’s stock worth $2,270,000 after purchasing an additional 26,001 shares during the last quarter. Finally, Gritstone Asset Management LLC bought a new stake in Bitcoin Infrastructure Acquisition in the first quarter worth $347,000.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Bitcoin Infrastructure Acquisition

Bitcoin Infrastructure Acquisition Corp. is a special purpose acquisition company (SPAC) formed to pursue a merger, business combination or similar transaction. Its stated focus is on businesses involved in Bitcoin infrastructure. As a SPAC, the company does not operate a Bitcoin network or offer products and services to customers. Its business is to identify and complete a transaction with a target company; its activities and operations may change if a transaction is completed. Further details about its operating history, geographic reach and leadership are not included here because reliable information was not available.