XTX Topco Ltd Purchases 50,400 Shares of Bit Digital, Inc. (NASDAQ:BTBT)

XTX Topco Ltd raised its holdings in Bit Digital, Inc. (NASDAQ:BTBT) by 52.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,614 shares of the company’s stock after buying an additional 50,400 shares during the quarter. XTX Topco Ltd owned 0.18% of Bit Digital worth $515,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BTBT. Crescent Grove Advisors LLC bought a new stake in Bit Digital in the third quarter valued at about $35,000. Creative Planning bought a new stake in shares of Bit Digital in the 3rd quarter valued at approximately $37,000. Thoroughbred Financial Services LLC acquired a new position in shares of Bit Digital in the 2nd quarter worth approximately $38,000. Stifel Financial Corp bought a new position in shares of Bit Digital during the 3rd quarter worth approximately $38,000. Finally, Victory Capital Management Inc. boosted its stake in Bit Digital by 39.3% in the 2nd quarter. Victory Capital Management Inc. now owns 15,522 shares of the company’s stock valued at $49,000 after buying an additional 4,380 shares in the last quarter. Institutional investors and hedge funds own 47.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BTBT. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Bit Digital in a research note on Tuesday, November 19th. B. Riley assumed coverage on shares of Bit Digital in a research report on Thursday, October 24th. They set a “buy” rating and a $6.00 target price for the company.

Bit Digital Price Performance

NASDAQ BTBT opened at $4.10 on Friday. The stock’s 50 day simple moving average is $4.10 and its 200 day simple moving average is $3.50. Bit Digital, Inc. has a one year low of $1.76 and a one year high of $5.74. The firm has a market cap of $338.17 million, a PE ratio of 68.33 and a beta of 4.80.

Bit Digital Company Profile

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.