3,076 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by Bonfire Financial

Bonfire Financial purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, HoldingsChannel reports. The fund purchased 3,076 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Greenwich Wealth Management LLC grew its position in shares of Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares in the last quarter. Mad River Investors boosted its stake in Grayscale Bitcoin Trust by 26.7% in the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after purchasing an additional 82,187 shares during the period. Moors & Cabot Inc. grew its holdings in Grayscale Bitcoin Trust by 0.4% during the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after buying an additional 1,305 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $19,360,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 4,950.0% in the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after buying an additional 189,585 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $77.09 on Tuesday. The firm has a market cap of $39.37 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm has a fifty day moving average price of $78.55 and a 200 day moving average price of $62.84. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week 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.