West Oak Capital LLC boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 53.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 980 shares of the company’s stock after purchasing an additional 340 shares during the quarter. West Oak Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the business. HBW Advisory Services LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth $384,000. Advance Capital Management Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $227,000. Fortem Financial Group LLC boosted its position in Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Fortem Financial Group LLC now owns 25,250 shares of the company’s stock worth $1,869,000 after purchasing an additional 500 shares during the period. Modus Advisors LLC acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at $255,000. Finally, Synovus Financial Corp raised its position in Grayscale Bitcoin Trust by 0.8% in the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the period.
Grayscale Bitcoin Trust Trading Up 0.8 %
Shares of GBTC traded up $0.60 during midday trading on Friday, reaching $75.08. 3,927,901 shares of the company were exchanged, compared to its average volume of 3,263,083. Grayscale Bitcoin Trust has a 1-year low of $34.31 and a 1-year high of $86.11. The stock has a 50-day moving average price of $74.15 and a 200-day moving average price of $59.05. The company has a market cap of $38.34 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
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.
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