XTX Topco Ltd Has $515,000 Stake in Bit Digital, Inc. (NASDAQ:BTBT)

XTX Topco Ltd lifted its stake in Bit Digital, Inc. (NASDAQ:BTBT) by 52.4% in the third quarter, HoldingsChannel.com reports. The firm owned 146,614 shares of the company’s stock after purchasing an additional 50,400 shares during the quarter. XTX Topco Ltd’s holdings in Bit Digital were worth $515,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new position in Bit Digital in the 2nd quarter valued at $2,126,000. Segall Bryant & Hamill LLC acquired a new stake in Bit Digital in the third quarter worth about $1,222,000. Millennium Management LLC increased its position in Bit Digital by 66.6% in the second quarter. Millennium Management LLC now owns 2,586,392 shares of the company’s stock worth $8,225,000 after purchasing an additional 1,033,767 shares during the period. The Manufacturers Life Insurance Company lifted its position in Bit Digital by 42.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,219 shares of the company’s stock valued at $141,000 after purchasing an additional 13,170 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Bit Digital during the 2nd quarter valued at about $910,000. Institutional investors own 47.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BTBT shares. B. Riley began coverage on shares of Bit Digital in a research note on Thursday, October 24th. They set a “buy” rating and a $6.00 price target for the company. HC Wainwright reaffirmed a “buy” rating and set a $7.00 target price on shares of Bit Digital in a report on Tuesday, November 19th.

Bit Digital Trading Down 3.3 %

Shares of BTBT opened at $4.10 on Friday. The stock has a market cap of $338.17 million, a P/E ratio of 68.33 and a beta of 4.80. Bit Digital, Inc. has a 1 year low of $1.76 and a 1 year high of $5.74. The stock’s 50-day moving average price is $4.10 and its two-hundred day moving average price is $3.50.

About Bit Digital

Bit Digital, Inc, together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.