840 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Purchased by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. acquired a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 840 shares of the company’s stock, valued at approximately $62,000.

A number of other hedge funds also recently added to or reduced their stakes in GBTC. Synergy Investment Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at about $30,000. Activest Wealth Management lifted 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 valued at $30,000 after buying an additional 140 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at about $36,000. Finally, Bear Mountain Capital Inc. lifted its position in shares of Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after buying an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

GBTC stock opened at $66.32 on Monday. The firm has a market cap of $16.26 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. The firm has a 50-day simple moving average of $74.24 and a two-hundred day simple moving average of $67.36. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11.

About Grayscale Bitcoin Trust

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.