SeaCrest Wealth Management LLC Purchases 12,125 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

SeaCrest Wealth Management LLC grew its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 287.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,337 shares of the company’s stock after acquiring an additional 12,125 shares during the period. SeaCrest Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $1,209,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC raised its stake in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the last quarter. Hollencrest Capital Management raised its stake in shares of Grayscale Bitcoin Trust by 88.9% in the second quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock valued at $45,000 after acquiring an additional 400 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter valued at approximately $46,000. Future Financial Wealth Managment LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter valued at approximately $50,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter valued at approximately $53,000.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock opened at $78.97 on Thursday. The firm has a market cap of $40.33 billion, a P/E ratio of 2.29 and a beta of 1.25. The firm has a 50 day simple moving average of $75.76 and a 200 day simple moving average of $59.71. Grayscale Bitcoin Trust has a fifty-two week low of $34.31 and a fifty-two week high of $86.11.

Grayscale Bitcoin Trust Company Profile

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.