Financial Security Advisor Inc. Makes New $273,000 Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Financial Security Advisor Inc. acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,686 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rothschild Investment LLC increased its position in Grayscale Bitcoin Trust by 0.9% in the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after acquiring an additional 130 shares in the last quarter. Activest Wealth Management raised its position in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the period. Mutual Advisors LLC grew its position in shares of Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares during the period. Pine Valley Investments Ltd Liability Co grew its position in shares of Grayscale Bitcoin Trust by 1.0% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after purchasing an additional 165 shares during the period. Finally, Synovus Financial Corp increased its stake in Grayscale Bitcoin Trust by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after purchasing an additional 169 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC opened at $65.95 on Friday. The firm has a market cap of $16.67 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The firm’s 50 day moving average price is $77.18 and its two-hundred day moving average price is $64.95.

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.