Geode Capital Management LLC Purchases 42,375 Shares of Bit Digital, Inc. (NASDAQ:BTBT)

Geode Capital Management LLC boosted its holdings in shares of Bit Digital, Inc. (NASDAQ:BTBT) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,425,057 shares of the company’s stock after buying an additional 42,375 shares during the period. Geode Capital Management LLC owned approximately 2.94% of Bit Digital worth $8,512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Bit Digital by 81.4% in the 3rd quarter. Barclays PLC now owns 235,106 shares of the company’s stock worth $826,000 after acquiring an additional 105,484 shares during the last quarter. XTX Topco Ltd lifted its stake in Bit Digital by 52.4% in the third quarter. XTX Topco Ltd now owns 146,614 shares of the company’s stock worth $515,000 after purchasing an additional 50,400 shares during the last quarter. State Street Corp lifted its stake in Bit Digital by 1.7% in the third quarter. State Street Corp now owns 5,597,517 shares of the company’s stock worth $19,647,000 after purchasing an additional 94,762 shares during the last quarter. Stifel Financial Corp purchased a new stake in Bit Digital during the third quarter valued at about $38,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Bit Digital by 192.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 806,631 shares of the company’s stock valued at $2,831,000 after buying an additional 530,411 shares during the last quarter. 47.70% of the stock is currently owned by hedge funds and other institutional investors.

Bit Digital Trading Up 6.5 %

Shares of Bit Digital stock opened at $3.12 on Friday. Bit Digital, Inc. has a 12-month low of $1.76 and a 12-month high of $5.74. The company has a market cap of $478.95 million, a P/E ratio of 52.00 and a beta of 4.80. The company’s fifty day simple moving average is $4.04 and its two-hundred day simple moving average is $3.57.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented 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 objective for the company. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of Bit Digital in a research report on Tuesday, November 19th.

Bit Digital 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.