Bear Mountain Capital Inc. Buys 325 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Bear Mountain Capital Inc. lifted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 162.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 525 shares of the company’s stock after buying an additional 325 shares during the quarter. Bear Mountain Capital Inc.’s holdings in Grayscale Bitcoin Trust were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ieq Capital LLC increased its stake in Grayscale Bitcoin Trust by 7.6% in the 4th quarter. Ieq Capital LLC now owns 22,645 shares of the company’s stock worth $1,676,000 after acquiring an additional 1,601 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Grayscale Bitcoin Trust by 24.6% during the fourth quarter. Private Advisor Group LLC now owns 39,845 shares of the company’s stock valued at $2,949,000 after purchasing an additional 7,878 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Grayscale Bitcoin Trust by 15.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 35,290 shares of the company’s stock worth $2,612,000 after acquiring an additional 4,612 shares during the period. Empower Advisory Group LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 1.3% in the 4th quarter. Empower Advisory Group LLC now owns 17,797 shares of the company’s stock worth $1,317,000 after buying an additional 225 shares during the period. Finally, Wealth Quarterback LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth about $215,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $76.08 on Thursday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The stock has a market capitalization of $19.23 billion, a P/E ratio of 2.23 and a beta of 2.51. The business has a fifty day moving average price of $78.28 and a 200 day moving average price of $63.99.

Grayscale Bitcoin Trust Company 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.