14,000 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Mountain Lake Investment Management LLC

Mountain Lake Investment Management LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 14,000 shares of the company’s stock, valued at approximately $745,000. iShares Bitcoin Trust makes up about 0.9% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its 20th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares during the last quarter. Stephens Consulting LLC increased its stake in iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after buying an additional 189 shares during the last quarter. Crewe Advisors LLC increased its stake in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after buying an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC purchased a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $28,000.

iShares Bitcoin Trust Trading Up 1.1 %

NASDAQ:IBIT opened at $55.33 on Friday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The firm has a 50-day moving average price of $56.25 and a two-hundred day moving average price of $45.46.

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.