SLT Holdings LLC Invests $10.20 Million in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

SLT Holdings LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 137,838 shares of the company’s stock, valued at approximately $10,203,000. Grayscale Bitcoin Trust makes up 9.7% of SLT Holdings LLC’s investment portfolio, making the stock its 2nd largest position.

Other large investors also recently modified their holdings of the company. Wealth Quarterback LLC acquired a new position in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $215,000. Arkadios Wealth Advisors bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $245,000. RFG Advisory LLC bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $262,000. Mutual Advisors LLC increased its position 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 acquiring an additional 146 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position 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 acquiring an additional 1,123 shares in the last quarter.

Grayscale Bitcoin Trust Stock Down 2.3 %

Shares of GBTC stock opened at $68.79 on Friday. The firm has a fifty day moving average of $76.30 and a 200-day moving average of $65.99. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The company has a market capitalization 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.