FWG Holdings LLC Has $1.35 Million Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

FWG Holdings LLC lifted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 83.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,839 shares of the company’s stock after acquiring an additional 7,662 shares during the quarter. Grayscale Bitcoin Trust makes up approximately 0.6% of FWG Holdings LLC’s holdings, making the stock its 27th largest holding. FWG Holdings LLC’s holdings in Grayscale Bitcoin Trust were worth $1,350,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Armstrong Advisory Group Inc. boosted its stake in Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares in the last quarter. Activest Wealth Management raised its holdings in shares of Grayscale Bitcoin Trust by 53.0% in the fourth 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 last quarter. Synergy Investment Management LLC acquired a new position in Grayscale Bitcoin Trust during the 4th quarter worth about $30,000. Cullen Frost Bankers Inc. acquired a new position in Grayscale Bitcoin Trust during the 4th quarter worth about $36,000. Finally, Bear Mountain Capital Inc. grew its holdings in Grayscale Bitcoin Trust by 162.5% during the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after acquiring an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Trading Down 2.3 %

Shares of NYSEARCA GBTC opened at $68.79 on Monday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The company has a 50-day moving average of $76.30 and a two-hundred day moving average of $66.11. The company has a market cap of $17.02 billion, a PE ratio of 2.23 and a beta of 2.59.

About Grayscale Bitcoin Trust

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.