Synergy Investment Management LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 400 shares of the company’s stock, valued at approximately $30,000.
Other large investors have also modified their holdings of the company. Wealth Quarterback LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $215,000. Arkadios Wealth Advisors purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $245,000. RFG Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $262,000. Avior Wealth Management LLC grew its holdings in shares of Grayscale Bitcoin Trust by 225.5% during the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after buying an additional 1,123 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Grayscale Bitcoin Trust by 109.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock worth $4,261,000 after buying an additional 30,112 shares in the last quarter.
Grayscale Bitcoin Trust Trading Up 4.1 %
Shares of GBTC opened at $71.56 on Thursday. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The firm has a 50-day moving average price of $76.53 and a 200 day moving average price of $65.68. The firm has a market capitalization of $18.09 billion, a P/E ratio of 2.23 and a beta of 2.51.
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.
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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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