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

Bit Origin Ltd (NASDAQ:BTOG) rose 6.5% during mid-day trading on Tuesday . The stock traded as high as $2.09 and last traded at $1.97. Approximately 60,241 shares changed 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 Up 6.5 %

The firm has a fifty day simple moving average of $2.08 and a 200-day simple moving average of $2.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bit Origin stock. Virtu Financial LLC acquired a new stake in shares of Bit Origin Ltd (NASDAQ:BTOG) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.34% of Bit Origin at the end of the most recent quarter. Institutional investors and hedge funds own 1.07% of the company’s stock.

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.