Prosperity Financial Group Inc. Makes New $3.22 Million Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Prosperity Financial Group Inc. bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 43,501 shares of the company’s stock, valued at approximately $3,220,000. Grayscale Bitcoin Trust comprises approximately 1.6% of Prosperity Financial Group Inc.’s portfolio, making the stock its 16th largest position.

A number of other large investors have also recently bought and sold shares of GBTC. Rothschild Investment LLC raised its holdings in shares of Grayscale Bitcoin Trust by 0.9% during the fourth quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after buying an additional 130 shares during the last quarter. Activest Wealth Management raised its holdings in shares of Grayscale Bitcoin Trust by 53.0% during 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. Mutual Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after buying an additional 146 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Grayscale Bitcoin Trust by 1.0% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after buying an additional 165 shares during the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after buying an additional 169 shares during the last quarter.

Grayscale Bitcoin Trust Trading Up 5.2 %

GBTC opened at $65.70 on Wednesday. The business’s 50 day moving average is $75.89 and its 200-day moving average is $66.31. The stock has a market cap of $16.26 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11.

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.