Hengehold Capital Management LLC Invests $201,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Hengehold Capital Management LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,714 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also bought and sold shares of GBTC. Armstrong Advisory Group Inc. raised its stake in shares of Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the last quarter. West Oak Capital LLC raised its position in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after buying an additional 320 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Grayscale Bitcoin Trust during the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC purchased a new position in Grayscale Bitcoin Trust during the 3rd quarter worth $50,000. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter worth $53,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $83.17 on Friday. The firm has a 50-day moving average of $77.79 and a 200-day moving average of $61.09. Grayscale Bitcoin Trust has a one year low of $35.24 and a one year high of $86.11. The company has a market cap of $42.48 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.