DeDora Capital Inc. Has $324,000 Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

DeDora Capital Inc. cut its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,378 shares of the company’s stock after selling 285 shares during the period. DeDora Capital Inc.’s holdings in Grayscale Bitcoin Trust were worth $324,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GBTC. Greenwich Wealth Management LLC increased its holdings in Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after purchasing an additional 538,256 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at $19,360,000. International Assets Investment Management LLC increased its holdings in 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 valued at $97,670,000 after purchasing an additional 189,585 shares during the period. Atlas Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust during the third quarter valued at $7,774,000. Finally, Citrine Capital LLC bought a new stake in Grayscale Bitcoin Trust during the fourth quarter valued at $7,721,000.

Grayscale Bitcoin Trust Trading Up 1.0 %

Shares of GBTC opened at $77.01 on Friday. The stock has a market capitalization of $39.33 billion, a P/E ratio of 2.29 and a beta of 1.25. The firm’s fifty day simple moving average is $78.47 and its two-hundred day simple moving average is $63.27. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month 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.