Freestone Capital Holdings LLC Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Freestone Capital Holdings 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 firm bought 3,324 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors have also recently added to or reduced their stakes in GBTC. Synergy Investment Management LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $30,000. Activest Wealth Management lifted its position in Grayscale Bitcoin Trust by 53.0% during 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 in the last quarter. Armstrong Advisory Group Inc. grew its stake in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $36,000. Finally, Bear Mountain Capital Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 162.5% during the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after acquiring an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 2.3 %

Shares of Grayscale Bitcoin Trust stock opened at $68.79 on Friday. The company has a fifty day moving average price of $76.30 and a 200 day moving average price of $65.86. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

Grayscale Bitcoin Trust 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.