Perkins Coie Trust Co Buys New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Perkins Coie Trust Co purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,045 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMC Chicago LLC purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at $323,337,000. Aristeia Capital L.L.C. increased its stake in iShares Bitcoin Trust by 47.2% during the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after purchasing an additional 1,903,644 shares during the period. Sculptor Capital LP lifted its position in shares of iShares Bitcoin Trust by 188.1% during the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after purchasing an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of iShares Bitcoin Trust in the second quarter valued at approximately $56,965,000.

iShares Bitcoin Trust Stock Up 4.4 %

Shares of IBIT opened at $59.62 on Friday. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $61.75. The firm’s 50 day moving average price is $54.88 and its 200 day moving average price is $42.45.

iShares Bitcoin Trust Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.