Princeton Capital Management LLC Invests $410,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Princeton Capital Management LLC bought a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,540 shares of the company’s stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC increased its stake in Grayscale Bitcoin Trust by 4,462.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares in the last quarter. LPL Financial LLC increased its position in Grayscale Bitcoin Trust by 0.4% in the 4th quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock valued at $83,010,000 after buying an additional 4,728 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $19,360,000. Foundations Investment Advisors LLC boosted its holdings in Grayscale Bitcoin Trust by 25.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock worth $10,647,000 after acquiring an additional 29,389 shares in the last quarter. Finally, SLT Holdings LLC acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $10,203,000.

Grayscale Bitcoin Trust Stock Up 5.2 %

NYSEARCA GBTC opened at $69.77 on Tuesday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The business has a 50 day moving average price of $74.15 and a 200-day moving average price of $67.53. The company has a market cap of $17.10 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.