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

Bit Origin Ltd (NASDAQ:BTOG)’s share price traded up 6.5% during mid-day trading on Tuesday . The company traded as high as $2.09 and last traded at $1.97. 60,241 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 294,465 shares. The stock had previously closed at $1.85.

Bit Origin Price Performance

The stock’s 50 day simple moving average is $2.08 and its two-hundred day simple moving average is $2.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bit Origin stock. Virtu Financial LLC bought a new stake in Bit Origin Ltd (NASDAQ:BTOG) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,671 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.34% of Bit Origin at the end of the most recent quarter. 1.07% of the stock is owned by 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.