Strategic Advocates LLC Buys New Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Strategic Advocates LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,895 shares of the company’s stock, valued at approximately $214,000.

A number of other large investors also recently modified their holdings of the business. Mutual Advisors LLC lifted its stake in Grayscale Bitcoin Trust by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after acquiring an additional 146 shares during the last quarter. Synovus Financial Corp lifted its stake in Grayscale Bitcoin Trust by 0.8% in the 3rd 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 last quarter. Flagstar Advisors Inc. grew its holdings in Grayscale Bitcoin Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after purchasing an additional 196 shares during the period. Cornerstone Wealth Management LLC increased its position in Grayscale Bitcoin Trust by 5.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock worth $320,000 after buying an additional 224 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its stake in Grayscale Bitcoin Trust by 18.7% in the fourth quarter. Atticus Wealth Management LLC now owns 1,723 shares of the company’s stock valued at $128,000 after buying an additional 271 shares during the period.

Grayscale Bitcoin Trust Trading Up 0.7 %

Shares of NYSEARCA GBTC opened at $83.18 on Friday. The company has a market capitalization of $42.48 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $37.73 and a 12 month high of $86.11. The stock has a 50 day moving average of $78.22 and a 200-day moving average of $61.79.

About Grayscale Bitcoin Trust

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.