GFG Capital LLC Invests $333,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

GFG Capital LLC acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,500 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Greenwich Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 99.9% during the 3rd 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 in the last quarter. Mad River Investors raised its stake in Grayscale Bitcoin Trust by 26.7% in the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after acquiring an additional 82,187 shares during the period. Moors & Cabot Inc. raised its stake in Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after acquiring an additional 1,305 shares during the period. Strategic Financial Concepts LLC bought a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at $19,360,000. Finally, International Assets Investment Management LLC raised its stake in Grayscale Bitcoin Trust by 4,950.0% in 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.

Grayscale Bitcoin Trust Trading Down 0.8 %

GBTC opened at $76.22 on Friday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The stock’s fifty day simple moving average is $78.52 and its 200 day simple moving average is $63.18. The stock has a market cap of $38.93 billion, a PE 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.