SCHEDULE: Linden Capital Group Discloses 5.5% Stake in Bitcoin Infrastructure

Sentiment:

Beneficial Ownership Disclosure (Schedule 13G)


Linden Capital L.P. and its affiliates have reported a passive 5.5% beneficial ownership stake in Bitcoin Infrastructure Acquisition Corp Ltd, totaling 1,250,000 Class A ordinary shares.

Summary

  • Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong (collectively, the "Reporting Persons") have filed a Schedule 13G.
  • The filing discloses beneficial ownership of 1,250,000 Class A ordinary shares, par value $0.0001 per share, of Bitcoin Infrastructure Acquisition Corp Ltd.
  • This ownership represents approximately 5.5% of the issuer's outstanding Class A ordinary shares.
  • The Reporting Persons hold shared voting power and shared dispositive power over all 1,250,000 shares.
  • The filing indicates a passive investment intent, certifying that the securities were not acquired for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of a passive ownership stake by an institutional investor, without specific positive or negative operational or financial news regarding the issuer.

Positives

  • The disclosure of a 5.5% stake by an institutional investor group like Linden Capital L.P. can be viewed as a vote of confidence in Bitcoin Infrastructure Acquisition Corp Ltd.

Risks

  • The Reporting Persons certified that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Future Outlook

Not applicable for this type of filing, as it is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer.

Management Comments

  • Saul Ahn, Authorized Signatory for Linden Capital L.P. and Linden GP LLC, and General Counsel for Linden Advisors LP, certified that the information in the statement is true, complete, and correct.
  • The Reporting Persons certified that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing indicates continued institutional investor interest in companies operating within the digital asset and blockchain infrastructure sector, as evidenced by Linden Capital Group's stake in Bitcoin Infrastructure Acquisition Corp Ltd.

Comparison to Industry Standards

  • Not applicable for this type of filing as it reports beneficial ownership, not operational or financial results.

Related Party Transactions

  • Linden GP LLC is the general partner of Linden Capital L.P.
  • Linden Advisors LP is the investment manager of Linden Capital L.P.
  • Siu Min Wong is the principal owner and controlling person of Linden Advisors LP and Linden GP LLC.

Stakeholder Impact

  • Shareholders of Bitcoin Infrastructure Acquisition Corp Ltd now have transparency regarding a significant institutional holder's passive stake in the company.

Key Dates

DateDescription
June 10, 2019Date of Siu Min Wong's Power of Attorney, incorporated by reference.
June 19, 2019Date of previous Schedule 13G filing by Linden Capital L.P. regarding Haymaker Acquisition Corp II, referenced for Power of Attorney.
December 4, 2025Date of event requiring the filing of this Schedule 13G statement.

Keywords

Bitcoin Infrastructure Acquisition Corp Ltd, Linden Capital L.P., Schedule 13G, beneficial ownership, Class A ordinary shares, institutional investment, passive stake, Siu Min Wong

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