Bit Origin (NASDAQ:BTOG) Stock Price Up 6.5% – Here’s What Happened

Bit Origin Ltd (NASDAQ:BTOG) rose 6.5% during trading on Tuesday . The company traded as high as $2.09 and last traded at $1.97. Approximately 60,241 shares traded hands during trading, a decline of 80% from the average daily volume of 294,465 shares. The stock had previously closed at $1.85.

Bit Origin Stock Performance

The business has a 50-day moving average price of $2.09 and a 200 day moving average price of $2.65.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bit Origin stock. Virtu Financial LLC acquired a new position in shares of Bit Origin Ltd (NASDAQ:BTOG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.34% of Bit Origin as of its most recent filing with the Securities and Exchange Commission. 1.07% of the stock is currently owned by hedge funds and other institutional investors.

Bit Origin Company Profile

Bit Origin Ltd, through its subsidiaries, engages in the cryptocurrency mining business in the United States. It is also involved in deploying blockchain technologies. The company was formerly known as China Xiangtai Food Co, Ltd. and changed its name to Bit Origin Ltd in April 2022. Bit Origin Ltd was incorporated in 2018 and is based in Singapore, Singapore.