SlateStone Wealth LLC Acquires 1,400 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

SlateStone Wealth LLC increased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 34.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,513 shares of the company’s stock after acquiring an additional 1,400 shares during the period. SlateStone Wealth LLC’s holdings in Grayscale Bitcoin Trust were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC raised its position in Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares in the last quarter. Moors & Cabot Inc. raised its position in Grayscale Bitcoin Trust by 0.4% during the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after purchasing an additional 1,305 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Grayscale Bitcoin Trust during the 4th quarter valued at $19,360,000. Foundations Investment Advisors LLC raised its position in Grayscale Bitcoin Trust by 25.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock valued at $10,647,000 after purchasing an additional 29,389 shares in the last quarter. Finally, SLT Holdings LLC bought a new stake in Grayscale Bitcoin Trust during the 4th quarter valued at $10,203,000.

Grayscale Bitcoin Trust Stock Up 5.6 %

Shares of NYSEARCA GBTC opened at $66.95 on Monday. The business has a fifty day simple moving average of $75.23 and a two-hundred day simple moving average of $66.66. The firm has a market cap of $16.56 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.