Haven Private LLC Buys New Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Haven Private LLC acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, Holdings Channel.com reports. The firm acquired 73,410 shares of the company’s stock, valued at approximately $5,434,000. Grayscale Bitcoin Trust comprises 3.0% of Haven Private LLC’s investment portfolio, making the stock its 5th largest position.

Several other large investors have also recently made changes to their positions in the company. Wealth Quarterback LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $215,000. Arkadios Wealth Advisors purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth approximately $245,000. RFG Advisory LLC purchased a new position in Grayscale Bitcoin Trust during the fourth quarter worth $262,000. Avior Wealth Management LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 225.5% during the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Mutual Advisors LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after purchasing an additional 146 shares during the last quarter.

Grayscale Bitcoin Trust Trading Down 1.6 %

Shares of Grayscale Bitcoin Trust stock opened at $70.44 on Friday. The business’s fifty day moving average price is $76.43 and its 200 day moving average price is $65.71. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The stock has a market capitalization of $17.80 billion, a P/E ratio of 2.23 and a beta of 2.51.

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.