Equita Financial Network Inc. Invests $475,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Equita Financial Network Inc. purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,422 shares of the company’s stock, valued at approximately $475,000.

A number of other large investors have also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. raised its position in shares of Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares in the last quarter. West Oak Capital LLC raised its position in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after buying an additional 320 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the third quarter worth $46,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the third quarter worth $50,000. Finally, Icon Wealth Advisors LLC purchased a new stake in Grayscale Bitcoin Trust during the third quarter valued at about $53,000.

Grayscale Bitcoin Trust Stock Up 3.0 %

NYSEARCA GBTC opened at $82.58 on Thursday. The stock’s 50-day simple moving average is $78.07 and its two-hundred day simple moving average is $61.64. Grayscale Bitcoin Trust has a twelve month low of $37.73 and a twelve month high of $86.11. The company has a market capitalization of $42.17 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.