Tyler Stone Wealth Management Buys New Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Tyler Stone Wealth Management purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,868 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors have also added to or reduced their stakes in GBTC. Arlington Capital Management Inc. raised its position in shares of Grayscale Bitcoin Trust by 15.8% in the 4th quarter. Arlington Capital Management Inc. now owns 6,754 shares of the company’s stock valued at $500,000 after purchasing an additional 920 shares during the last quarter. WorthPointe LLC purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth $276,000. Princeton Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth $410,000. Dudley Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $270,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at $62,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $68.41 on Thursday. The business has a fifty day moving average of $73.81 and a 200 day moving average of $67.73. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The firm has a market capitalization of $16.77 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

Grayscale Bitcoin Trust Company 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.