Indie Asset Partners LLC Purchases 12,696 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Indie Asset Partners LLC increased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 65.1% during the 4th quarter, Holdings Channel reports. The fund owned 32,190 shares of the company’s stock after buying an additional 12,696 shares during the quarter. Grayscale Bitcoin Trust accounts for about 1.9% of Indie Asset Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Indie Asset Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $2,383,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in shares of Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares during the period. Mutual Advisors LLC grew its stake in Grayscale Bitcoin Trust by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after acquiring an additional 146 shares during the period. Synovus Financial Corp increased its holdings in shares of Grayscale Bitcoin Trust by 0.8% in the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares in the last quarter. Flagstar Advisors Inc. raised its position in shares of Grayscale Bitcoin Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after purchasing an additional 196 shares during the period. Finally, Choreo LLC raised its position in shares of Grayscale Bitcoin Trust by 0.8% during the fourth quarter. Choreo LLC now owns 27,301 shares of the company’s stock worth $2,026,000 after purchasing an additional 212 shares during the period.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC opened at $75.06 on Friday. The stock has a 50 day simple moving average of $78.25 and a 200 day simple moving average of $64.09. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The firm has a market capitalization of $18.97 billion, a PE ratio of 2.23 and a beta of 2.51.

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.