Laird Norton Wetherby Wealth Management LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,210 shares of the company’s stock, valued at approximately $238,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of GBTC. Proficio Capital Partners LLC grew its stake in shares of Grayscale Bitcoin Trust by 4,462.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after purchasing an additional 2,057,850 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth $19,360,000. SLT Holdings LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth $10,203,000. Discovery Capital Management LLC CT acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth $7,950,000. Finally, Citrine Capital LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth $7,721,000.
Grayscale Bitcoin Trust Trading Up 0.9%
Shares of GBTC stock opened at $82.13 on Friday. The firm has a fifty day moving average price of $70.32 and a 200 day moving average price of $73.18. The company has a market cap of $19.82 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11.
About Grayscale Bitcoin Trust
The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.
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