Bonfire Financial Makes New Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Bonfire Financial bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,076 shares of the company’s stock, valued at approximately $228,000.

A number of other large investors have also made changes to their positions in GBTC. Greenwich Wealth Management LLC grew its position in Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after buying an additional 538,256 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth $19,360,000. International Assets Investment Management LLC grew its position in shares of Grayscale Bitcoin Trust by 4,950.0% during the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after acquiring an additional 189,585 shares during the period. Atlas Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter worth $7,774,000. Finally, Citrine Capital LLC bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth $7,721,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $77.09 on Tuesday. The business’s fifty day moving average is $78.55 and its 200 day moving average is $62.84. The company has a market capitalization of $39.37 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11.

Grayscale Bitcoin Trust 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.