Matauro LLC Invests $1.60 Million in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Matauro LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,643 shares of the company’s stock, valued at approximately $1,602,000.

Other hedge funds have also modified their holdings of the company. Activest Wealth Management increased its stake 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 worth $30,000 after acquiring an additional 140 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of 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 acquiring an additional 310 shares during the last quarter. Bear Mountain Capital Inc. increased its stake in shares of Grayscale Bitcoin Trust by 162.5% in the fourth 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. Financial Life Planners acquired a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth $61,000. Finally, West Oak Capital LLC increased its stake in shares of Grayscale Bitcoin Trust by 53.1% in the fourth quarter. West Oak Capital LLC now owns 980 shares of the company’s stock worth $73,000 after acquiring an additional 340 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $75.06 on Friday. The company has a market capitalization of $18.97 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The company’s fifty day moving average price is $78.25 and its two-hundred day moving average price is $64.09.

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.