2,921 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by Horizon Wealth Management LLC

Horizon Wealth Management LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,921 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GBTC. West Oak Capital LLC raised its stake in Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after acquiring an additional 320 shares in the last quarter. Hollencrest Capital Management grew its holdings in shares of Grayscale Bitcoin Trust by 88.9% during the second quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at about $46,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at about $50,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at about $53,000.

Grayscale Bitcoin Trust Stock Down 1.2 %

GBTC traded down $0.92 during trading on Monday, hitting $74.16. 3,096,803 shares of the stock were exchanged, compared to its average volume of 3,238,677. Grayscale Bitcoin Trust has a 1-year low of $34.31 and a 1-year high of $86.11. The stock has a fifty day moving average price of $74.55 and a two-hundred day moving average price of $59.27. The firm has a market capitalization of $37.87 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.