Atlas Wealth Partners LLC Sells 1,380 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Atlas Wealth Partners LLC cut its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,552 shares of the company’s stock after selling 1,380 shares during the quarter. Grayscale Bitcoin Trust accounts for 14.3% of Atlas Wealth Partners LLC’s portfolio, making the stock its 3rd biggest holding. Atlas Wealth Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $11,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in GBTC. Greenwich Wealth Management LLC lifted its stake 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 worth $54,379,000 after purchasing an additional 538,256 shares during the period. Strategic Financial Concepts LLC bought a new position in Grayscale Bitcoin Trust during the fourth quarter worth about $19,360,000. International Assets Investment Management LLC lifted its stake in Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after purchasing an additional 189,585 shares during the period. Citrine Capital LLC bought a new position in Grayscale Bitcoin Trust during the fourth quarter worth about $7,721,000. Finally, Mad River Investors lifted its stake in Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after purchasing an additional 82,187 shares during the period.

Grayscale Bitcoin Trust Trading Down 2.2 %

NYSEARCA:GBTC opened at $75.40 on Wednesday. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The firm has a 50 day moving average of $78.57 and a 200-day moving average of $62.97. The stock has a market capitalization of $38.51 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.