AQR group reports 5.09% BIXI stake in passive Schedule 13G filing
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
AQR Capital Management and affiliates have disclosed a passive stake in Bitcoin Infrastructure Acquisition Corp Ltd. The filing reports beneficial ownership of 1,160,097 Class A ordinary shares, representing 5.09% of the class. The shares are held with shared power to vote and dispose, and no sole voting or dispositive power.
The reporting entities certify the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the company.
Positive
- None.
Negative
- None.
FAQ
What stake in BIXI does AQR Capital Management report on this Schedule 13G?
AQR Capital Management and related entities report beneficial ownership of 1,160,097 Class A ordinary shares of Bitcoin Infrastructure Acquisition Corp Ltd, representing 5.09% of that share class. This crosses the 5% threshold that requires a Schedule 13G filing.
Which AQR entities are reporting ownership in Bitcoin Infrastructure Acquisition Corp Ltd (BIXI)?
The reporting persons are AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC is deemed controlled by AQR Capital Management, LLC.
Is AQR’s 5.09% position in BIXI an activist or passive investment?
The position is reported as passive. The filing certifies the securities were acquired and are held in the ordinary course of business, not to change or influence control of Bitcoin Infrastructure Acquisition Corp Ltd, and not in connection with any control-related transaction.
What type of securities in BIXI are covered by AQR’s Schedule 13G filing?
The filing covers Class A ordinary shares of Bitcoin Infrastructure Acquisition Corp Ltd, each with a par value of $0.0001 per share. The CUSIP number for these securities is G1143H101, identifying this specific class in securities markets.
Where are the principal offices of BIXI and the AQR reporting entities located?
Bitcoin Infrastructure Acquisition Corp Ltd’s principal executive offices are at 1200 N. Federal Highway, Suite 200, Boca Raton, Florida 33432. The AQR reporting entities’ principal business office is at One Greenwich Plaza, Suite 130, Greenwich, Connecticut 06830, as stated in the filing.