TigerOak Management L.L.C. Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

TigerOak Management L.L.C. purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 36,723 shares of the company’s stock, valued at approximately $2,718,000. Grayscale Bitcoin Trust comprises about 1.0% of TigerOak Management L.L.C.’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds also recently added to or reduced their stakes in GBTC. Greenwich Wealth Management LLC grew its holdings in Grayscale Bitcoin Trust by 99.9% during the 3rd 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 last quarter. Strategic Financial Concepts LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $19,360,000. International Assets Investment Management LLC grew its holdings in Grayscale Bitcoin Trust by 4,950.0% during the 3rd 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 last quarter. Atlas Wealth Partners LLC bought a new position in Grayscale Bitcoin Trust during the 3rd quarter valued at about $7,774,000. Finally, Citrine Capital LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $7,721,000.

Grayscale Bitcoin Trust Trading Up 1.0 %

Shares of NYSEARCA:GBTC opened at $77.01 on Friday. The company has a market capitalization of $39.33 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The firm’s 50-day moving average is $78.40 and its 200 day moving average is $63.46.

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.