3,876 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by Mainstream Capital Management LLC

Mainstream Capital Management LLC acquired a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,876 shares of the company’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Synergy Investment Management LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $30,000. Activest Wealth Management boosted its position in shares of Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares during the period. Armstrong Advisory Group Inc. grew its stake in 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 acquiring an additional 310 shares in the last quarter. Bear Mountain Capital Inc. increased its holdings in Grayscale Bitcoin Trust by 162.5% during the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after acquiring an additional 325 shares during the period. Finally, Financial Life Planners bought a new stake in Grayscale Bitcoin Trust during the 4th quarter worth approximately $61,000.

Grayscale Bitcoin Trust Trading Up 2.1 %

Grayscale Bitcoin Trust stock opened at $68.03 on Tuesday. The firm’s 50 day simple moving average is $76.86 and its 200 day simple moving average is $65.49. The firm has a market capitalization of $17.20 billion, a PE ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-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.