Context Capital Management LLC Purchases 108,000 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Context Capital Management LLC increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 34.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 421,000 shares of the company’s stock after buying an additional 108,000 shares during the period. Context Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $22,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IBIT. Proficio Capital Partners LLC raised its position in shares of iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after acquiring an additional 4,573,794 shares in the last quarter. Clear Street Derivatives LLC bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $23,686,000. Verde Servicos Internacionais S.A. grew its stake in iShares Bitcoin Trust by 3,525.8% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after purchasing an additional 423,100 shares during the period. Parallax Volatility Advisers L.P. increased its holdings in iShares Bitcoin Trust by 127.6% in the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after purchasing an additional 370,000 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd lifted its stake in iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after buying an additional 346,918 shares during the period.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $47.85 on Friday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The stock’s 50 day moving average price is $53.46 and its two-hundred day moving average price is $47.98.

iShares Bitcoin Trust Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.