Rivernorth Capital Management LLC Takes $5.08 Million Position in Bitcoin Infrastructure Acquisition Corp Ltd $BIXI

Rivernorth Capital Management LLC acquired a new position in shares of Bitcoin Infrastructure Acquisition Corp Ltd (NASDAQ:BIXI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 512,000 shares of the company’s stock, valued at approximately $5,079,000.

Several other institutional investors also recently modified their holdings of the stock. Context Capital Management LLC purchased a new stake in Bitcoin Infrastructure Acquisition in the first quarter valued at approximately $5,952,000. Aristeia Capital L.L.C. bought a new position in shares of Bitcoin Infrastructure Acquisition in the 4th quarter worth $15,277,000. Radcliffe Capital Management L.P. bought a new position in shares of Bitcoin Infrastructure Acquisition in the 4th quarter worth $5,477,000. Whitebox Advisors LLC purchased a new stake in shares of Bitcoin Infrastructure Acquisition during the 1st quarter valued at $1,984,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Bitcoin Infrastructure Acquisition during the 1st quarter valued at $3,968,000.

Bitcoin Infrastructure Acquisition Price Performance

NASDAQ BIXI opened at $10.02 on Wednesday. Bitcoin Infrastructure Acquisition Corp Ltd has a 1-year low of $9.80 and a 1-year high of $10.03. The firm has a 50-day moving average of $10.00.

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

Analyst Ratings Changes

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