Bitcoin Infrastructure Acquisition (BIXI)
Market Price (1/17/2026): $9.82 | Market Cap: $278.6 MilSector: Financials | Industry: Multi-Sector Holdings
Bitcoin Infrastructure Acquisition (BIXI)
Market Price (1/17/2026): $9.82Market Cap: $278.6 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 2.5% | Trading close to highsDist 52W High is -0.3%, Dist 3Y High is -0.3% | Key risksBIXI key risks include [1] the potential failure to identify and complete a suitable business combination within its required timeframe as a SPAC. |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain. Themes include Digital Asset Infrastructure, and Digital Asset Custody. | Weak multi-year price returns2Y Excs Rtn is -45%, 3Y Excs Rtn is -75% |
| Low stock price volatilityVol 12M is 2.5% |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain. Themes include Digital Asset Infrastructure, and Digital Asset Custody. |
| Trading close to highsDist 52W High is -0.3%, Dist 3Y High is -0.3% |
| Weak multi-year price returns2Y Excs Rtn is -45%, 3Y Excs Rtn is -75% |
| Key risksBIXI key risks include [1] the potential failure to identify and complete a suitable business combination within its required timeframe as a SPAC. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. The company's status as a Special Purpose Acquisition Company (SPAC) meant its stock price largely held close to its initial public offering (IPO) price. Bitcoin Infrastructure Acquisition is a blank check company formed with the sole purpose of merging with or acquiring another business. Since no definitive business combination was announced during this period, the stock lacked specific operational catalysts that would typically drive significant price fluctuations for a traditional operating company.
2. The successful completion of its Initial Public Offering (IPO) on December 3, 2025, established a baseline for its stock value. The company sold 22,000,000 units at $10.00 per unit, generating gross proceeds of $220,000,000. This set the anchor for the stock's trading range around the $10.00 mark.
Show more
Stock Movement Drivers
Fundamental Drivers
nullnull
Market Drivers
10/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| BIXI | ||
| Market (SPY) | 1.4% | -46.1% |
| Sector (XLF) | 4.0% | -40.8% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| BIXI | ||
| Market (SPY) | 9.7% | -46.1% |
| Sector (XLF) | 4.3% | -40.8% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2025 to 1/16/2026| Return | Correlation | |
|---|---|---|
| BIXI | ||
| Market (SPY) | 15.9% | -46.1% |
| Sector (XLF) | 6.9% | -40.8% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2023 to 1/16/2026| Return | Correlation | |
|---|---|---|
| BIXI | ||
| Market (SPY) | 76.5% | -46.1% |
| Sector (XLF) | 55.7% | -40.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BIXI Return | - | - | - | - | -1% | 0% | -0% |
| Peers Return | � | � | � | � | � | 0% | � |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| BIXI Win Rate | - | - | - | - | 0% | 100% | |
| Peers Win Rate | � | � | � | � | � | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| BIXI Max Drawdown | - | - | - | - | -1% | -0% | |
| Peers Max Drawdown | � | � | � | � | � | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | 0% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ALUB, APAC, BIXI, CHEC, DMII.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/16/2026 (YTD)
How Low Can It Go
BIXI has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to ALUB, APAC, BIXI, CHEC, DMII
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
AI Analysis | Feedback
nullAI Analysis | Feedback
- Business Combination Facilitation: As a Special Purpose Acquisition Company (SPAC), Bitcoin Infrastructure Acquisition Corp. (BIXI) operates with the sole purpose of identifying, acquiring, and completing a merger or similar business combination with a private company, typically within the Bitcoin ecosystem, to take it public; this core activity falls under corporate finance services.
AI Analysis | Feedback
Upon reviewing the request, it appears there might be a misunderstanding regarding the company Bitcoin Infrastructure Acquisition with the symbol BIXI.
A comprehensive search across major financial databases and regulatory filings indicates that:
- The stock symbol BIXI is not currently associated with a publicly traded company named "Bitcoin Infrastructure Acquisition" that operates and sells services or products to traditional customers.
- The name "Bitcoin Infrastructure Acquisition" typically suggests an entity focused on acquiring companies within the Bitcoin infrastructure sector, rather than directly selling goods or services as an operating company with a customer base. Such entities (like Special Purpose Acquisition Companies or investment funds) primarily engage with investors or target companies for acquisition, rather than having end-customers for products or services.
Therefore, I cannot identify major customers for a public operating company by this name and symbol, as it does not appear to exist as described in the public markets with a traditional customer base.
If you intended to refer to a different public company involved in Bitcoin infrastructure (e.g., a Bitcoin miner, a hosting provider, or a service company), please provide the correct name and/or symbol, and I would be happy to assist further.
AI Analysis | Feedback
nullAI Analysis | Feedback
The management team of Bitcoin Infrastructure Acquisition (BIXI) includes experienced professionals in the digital asset and financial sectors.Ryan Gentry, Chief Executive Officer
Mr. Gentry serves as the Chief Executive Officer of Bitcoin Infrastructure Acquisition Corp Ltd. and has held this position since the company's inception in June 2025. He is also Co-Chief Executive Officer and Chief Investment Officer of CSLM Digital Asset Acquisition Corp III, Ltd, a special purpose acquisition company (SPAC), effective November 10, 2025. Previously, Mr. Gentry led Business Development at Lightning Labs for five years, where he contributed to scaling Bitcoin and stablecoin payment infrastructure. Prior to that, he was a Principal Analyst at Multicoin Capital from 2018 to 2020, conducting diligence on early-stage investments in decentralized protocols and digital asset infrastructure. He began his career as a control engineer at Intel Corporation. Mr. Gentry holds a B.S. in Aerospace Engineering and an M.S. in Electrical and Computer Engineering.
James DeAngelis, Chief Financial Officer
Mr. DeAngelis serves as the Chief Financial Officer of Bitcoin Infrastructure Acquisition Corp. He brings over 30 years of executive financial and operational experience in CFO and COO roles for both public and private companies, with a focus on technology-driven industries including financial services and big data. Mr. DeAngelis was the Director of Digital Transformation for Kroll, LLC from January 2003 to February 2025, and segment CFO of Kroll Government Solutions, LLC (Kroll, LLC) from January 2023 to February 2025. His experience at Kroll included involvement in multiple crypto bankruptcy cases.
Vikas Mittal, Director
Mr. Mittal is a Director on the board of Bitcoin Infrastructure Acquisition Corp. He is the Managing Member and Chief Investment Officer of Meteora Capital, an investment firm that is a sponsor of Bitcoin Infrastructure Acquisition's initial public offering. Mr. Mittal has a pattern of managing companies backed by private equity firms through his involvement with Meteora Capital and his previous SPAC experience, including serving as a member of GSR II Meteora Acquisition, which merged with Bitcoin Depot in 2023. He also serves as the Chair and Financial Chief of CSLM Digital Asset Acquisition Corp III, another SPAC that aims to acquire a crypto company.
Parker White, Chairman of the Board
Mr. White serves as the Chairman of the Board for Bitcoin Infrastructure Acquisition Corp. He is a former engineering director at the crypto exchange Kraken and is currently the operating and investment chief at DeFi Development Corporation.
Tyler Evans, Director
Mr. Evans is a Director of Bitcoin Infrastructure Acquisition Corp. He is a Co-Founder and Chief Investment Officer of UTXO Management, a Bitcoin-focused investment firm. Mr. Evans also co-founded BTC Inc, the publisher of Bitcoin Magazine and host of the annual Bitcoin Conference. Additionally, he was appointed Chief Investment Officer of Nakamoto Holdings, a Bitcoin-native holding company, in June 2025.
AI Analysis | Feedback
The sole key risk to Bitcoin Infrastructure Acquisition (BIXI) is the inherent uncertainty and challenges associated with being a Special Purpose Acquisition Company (SPAC), also known as a blank check company.
As a SPAC, BIXI was formed specifically for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more operating businesses. The company has not yet identified or selected a specific business combination target, nor has it commenced any operations. Therefore, the primary risk to BIXI's business is its ability to successfully identify and complete a suitable initial business combination within the timeframe required by its organizational documents. Failure to do so would likely result in the company being liquidated.
AI Analysis | Feedback
The rapid emergence and increasing adoption of highly efficient, low-cost, and sustainably powered Bitcoin mining operations (e.g., leveraging immersion cooling, waste energy capture, or direct integration with curtailed renewable energy) that could render existing or traditionally acquired infrastructure economically uncompetitive.
AI Analysis | Feedback
nullAI Analysis | Feedback
Bitcoin Infrastructure Acquisition (BIXI) is a blank check company, or Special Purpose Acquisition Company (SPAC), formed with the primary objective of engaging in a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. As such, BIXI currently does not have operational revenue streams, and there is no historical financial data or analyst forecasts available to identify traditional drivers of future revenue growth. The company's future revenue will be entirely dependent on the successful completion of a business combination and the subsequent performance of the acquired entity. However, based on BIXI's stated purpose to acquire businesses in the "digitization of financial infrastructure", potential drivers of future revenue growth over the next 2-3 years, *should a successful acquisition occur*, could include:- Expansion of Digital Infrastructure Services: Growth in the adoption and demand for digital financial infrastructure services by institutions and individuals would drive revenue for an acquired entity in this sector. This could include services related to blockchain technology, cryptocurrency platforms, or other financial technology solutions.
- Strategic Acquisitions and Partnerships: A post-acquisition BIXI could pursue further strategic acquisitions or form partnerships within the rapidly evolving digital financial landscape to expand its service offerings, customer base, and market reach.
- Technological Advancements and Product Innovation: The introduction of new, innovative products and services in the digital financial infrastructure space, driven by technological advancements (e.g., in blockchain, AI, or secure data management), would be a significant revenue driver.
- Increase in Customer Base and Market Penetration: Expanding the customer base for its digital financial infrastructure solutions, either through organic growth or by entering new geographic markets, would lead to increased revenue.
AI Analysis | Feedback
Share Issuance
- Bitcoin Infrastructure Acquisition Corp. Ltd. (BIXI) raised $200 million through its Initial Public Offering (IPO) on December 2, 2025.
- The IPO involved offering 20 million units at $10 each.
- Each unit comprised one Class A ordinary share and one-half of one redeemable warrant.
Inbound Investments
- The company raised $200 million from its initial public offering.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Bitcoin Infrastructure Acquisition
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.97 |
| Mkt Cap | 0.3 |
| Rev LTM | 0 |
| Op Inc LTM | -0 |
| FCF LTM | -0 |
| FCF 3Y Avg | - |
| CFO LTM | -0 |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.