Bgin Blockchain Limited’s (NASDAQ:BGIN) Lock-Up Period Set To End Tomorrow

Bgin Blockchain’s (NASDAQ:BGIN) lock-up period is set to end on Monday, April 20th. Bgin Blockchain had issued 5,000,000 shares in its IPO on October 21st. The total size of the offering was $30,000,000 based on an initial share price of $6.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Bgin Blockchain in a report on Thursday, January 15th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Bgin Blockchain Price Performance

Shares of NASDAQ:BGIN opened at $3.13 on Friday. Bgin Blockchain has a 12-month low of $2.08 and a 12-month high of $6.50. The stock’s 50 day moving average price is $2.86.

Institutional Investors Weigh In On Bgin Blockchain

An institutional investor recently bought a new position in Bgin Blockchain stock. XTX Topco Ltd acquired a new position in shares of Bgin Blockchain Limited (NASDAQ:BGIN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,333 shares of the company’s stock, valued at approximately $31,000.

Bgin Blockchain Company Profile

Through our operating subsidiaries, we are a digital asset technology company based in Singapore, Hong Kong and the U.S. with proprietary cryptocurrency-mining technologies. We were established as a cryptocurrency mining business in 2019. Given our limited financial resources at the time, we decided to focus on selected alternative cryptocurrencies as it was more cost effective. We leveraged our in-house technical expertise to design the software and the chips that could efficiently mine different types of cryptocurrencies that we focused on.