Octavia Wealth Advisors LLC Buys Shares of 3,216 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Octavia Wealth Advisors LLC bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,216 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Greenwich Wealth Management LLC grew its position in Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after acquiring an additional 538,256 shares during the last quarter. Mad River Investors grew its position in Grayscale Bitcoin Trust by 26.7% in the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after acquiring an additional 82,187 shares during the last quarter. Moors & Cabot Inc. grew its position in Grayscale Bitcoin Trust by 0.4% in the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after acquiring an additional 1,305 shares during the last quarter. Magnolia Capital Advisors LLC bought a new position in Grayscale Bitcoin Trust in the second quarter valued at about $14,810,000. Finally, International Assets Investment Management LLC grew its position in Grayscale Bitcoin Trust by 4,950.0% in 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 Trading Up 1.3 %

Shares of GBTC stock opened at $84.12 on Wednesday. The business’s 50-day moving average price is $76.85 and its 200-day moving average price is $60.32. Grayscale Bitcoin Trust has a 12 month low of $34.31 and a 12 month high of $86.11. The firm has a market capitalization of $42.96 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.