Oxinas Partners Wealth Management LLC Acquires Shares of 2,748 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Oxinas Partners Wealth Management LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,748 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its holdings in Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the period. West Oak Capital LLC increased its stake in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after buying an additional 320 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Grayscale Bitcoin Trust in the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC acquired a new stake in Grayscale Bitcoin Trust in the 3rd quarter valued at $50,000. Finally, Icon Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Trust in the 3rd quarter valued at $53,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC opened at $84.12 on Wednesday. The firm has a 50-day moving average of $76.85 and a 200-day moving average of $60.32. Grayscale Bitcoin Trust has a one year low of $34.31 and a one year high of $86.11. The company has a market cap of $42.96 billion, a PE ratio of 2.29 and a beta of 1.25.

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.