Prairie Wealth Advisors Inc. Acquires 430 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Prairie Wealth Advisors Inc. boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,613 shares of the company’s stock after acquiring an additional 430 shares during the quarter. Grayscale Bitcoin Trust accounts for about 0.8% of Prairie Wealth Advisors Inc.’s investment portfolio, making the stock its 21st largest position. Prairie Wealth Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $1,674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GBTC. Greenwich Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares during the last quarter. Mad River Investors raised its holdings in shares of Grayscale Bitcoin Trust by 26.7% during the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after buying an additional 82,187 shares in the last quarter. Moors & Cabot Inc. lifted its position in Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after buying an additional 1,305 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in Grayscale Bitcoin Trust in the fourth quarter worth approximately $19,360,000. Finally, International Assets Investment Management LLC grew its position in Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after acquiring an additional 189,585 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

GBTC stock opened at $76.78 on Friday. Grayscale Bitcoin Trust has a one year low of $38.29 and a one year high of $86.11. The company has a market capitalization of $39.21 billion, a PE ratio of 2.29 and a beta of 1.25. The company’s 50 day moving average price is $78.58 and its two-hundred day moving average price is $62.57.

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.