Bitcoin Infrastructure Acquisition (NASDAQ:BIXI) Trading 0.1% Higher – Here’s Why

Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI)’s share price shot up 0.1% during trading on Thursday . The stock traded as high as $9.90 and last traded at $9.90. 16,222 shares were traded during mid-day trading, a decline of 59% from the average session volume of 39,887 shares. The stock had previously closed at $9.89.

Bitcoin Infrastructure Acquisition Price Performance

Institutional Investors Weigh In On Bitcoin Infrastructure Acquisition

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new position in Bitcoin Infrastructure Acquisition during the fourth quarter worth about $10,353,000. BNP Paribas Financial Markets purchased a new stake in shares of Bitcoin Infrastructure Acquisition during the 4th quarter valued at approximately $6,309,000. Glazer Capital LLC bought a new position in Bitcoin Infrastructure Acquisition in the 4th quarter worth approximately $3,512,000. Starboard Value LP purchased a new position in Bitcoin Infrastructure Acquisition in the 4th quarter valued at approximately $2,988,000. Finally, Walleye Capital LLC bought a new stake in Bitcoin Infrastructure Acquisition during the 4th quarter valued at $2,958,000.

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.