Lifeworks Advisors LLC Acquires 400 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Lifeworks Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,781 shares of the company’s stock after buying an additional 400 shares during the quarter. Lifeworks Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GBTC. Synergy Investment Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $30,000. Activest Wealth Management increased its holdings in Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after acquiring an additional 140 shares during the period. Armstrong Advisory Group Inc. increased its holdings in Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter worth approximately $36,000. Finally, Bear Mountain Capital Inc. boosted its holdings in Grayscale Bitcoin Trust by 162.5% in the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after purchasing an additional 325 shares during the period.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $68.79 on Friday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The firm has a market capitalization of $17.02 billion, a P/E ratio of 2.23 and a beta of 2.59. The company has a fifty day moving average price of $76.30 and a 200-day moving average price of $65.99.

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.