Abound Financial LLC Buys New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Abound Financial LLC bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,304 shares of the company’s stock, valued at approximately $393,000.

A number of other large investors have also recently bought and sold shares of the company. Activest Wealth Management boosted its position in Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares during the last quarter. Mutual Advisors LLC boosted its position in Grayscale Bitcoin Trust by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after buying an additional 146 shares during the last quarter. Synovus Financial Corp boosted its position in Grayscale Bitcoin Trust by 0.8% in the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after buying an additional 169 shares during the last quarter. Flagstar Advisors Inc. boosted its position in Grayscale Bitcoin Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after buying an additional 196 shares during the last quarter. Finally, Choreo LLC boosted its position in Grayscale Bitcoin Trust by 0.8% in the 4th quarter. Choreo LLC now owns 27,301 shares of the company’s stock worth $2,026,000 after purchasing an additional 212 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 3.8 %

Grayscale Bitcoin Trust stock opened at $75.06 on Friday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The stock’s 50 day simple moving average is $78.14 and its two-hundred day simple moving average is $64.31. The firm has a market cap of $18.97 billion, a PE ratio of 2.23 and a beta of 2.51.

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.