Foundations Investment Advisors LLC Has $10.65 Million Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Foundations Investment Advisors LLC boosted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,835 shares of the company’s stock after purchasing an additional 29,389 shares during the period. Foundations Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $10,647,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Cornerstone Wealth Group LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at $284,000. Atticus Wealth Management LLC raised its stake in Grayscale Bitcoin Trust by 18.7% during the fourth quarter. Atticus Wealth Management LLC now owns 1,723 shares of the company’s stock worth $128,000 after buying an additional 271 shares during the last quarter. PFG Investments LLC raised its stake in Grayscale Bitcoin Trust by 16.0% during the fourth quarter. PFG Investments LLC now owns 14,852 shares of the company’s stock worth $1,099,000 after buying an additional 2,046 shares during the last quarter. SWP Financial LLC bought a new position in Grayscale Bitcoin Trust during the fourth quarter worth $214,000. Finally, SJS Investment Consulting Inc. raised its stake in Grayscale Bitcoin Trust by 109.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock worth $4,261,000 after buying an additional 30,112 shares during the last quarter.

Grayscale Bitcoin Trust Stock Down 2.7 %

Shares of NYSEARCA GBTC opened at $80.91 on Monday. The company has a market capitalization of $41.32 billion, a PE ratio of 2.29 and a beta of 1.25. The firm has a fifty day simple moving average of $77.79 and a 200 day simple moving average of $61.16. Grayscale Bitcoin Trust has a twelve month low of $37.31 and a twelve month high of $86.11.

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.