BTC Digital (NASDAQ:METX) Trading Down 4.2%

Shares of BTC Digital Ltd. (NASDAQ:METX) traded down 4.2% during mid-day trading on Tuesday . The stock traded as low as $3.00 and last traded at $3.08. 24,004 shares were traded during trading, a decline of 29% from the average session volume of 33,951 shares. The stock had previously closed at $3.21.

BTC Digital Stock Performance

The company’s fifty day moving average is $3.54 and its 200-day moving average is $3.67.

Hedge Funds Weigh In On BTC Digital

An institutional investor recently bought a new position in BTC Digital stock. Renaissance Technologies LLC purchased a new position in BTC Digital Ltd. (NASDAQ:METX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 73,800 shares of the company’s stock, valued at approximately $27,000. Renaissance Technologies LLC owned about 0.65% of BTC Digital at the end of the most recent quarter. Institutional investors and hedge funds own 0.46% of the company’s stock.

About BTC Digital

BTC Digital Ltd. engages in the cryptocurrency/bitcoin mining business. It also engages in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, the People's Republic of China.