Meridian Wealth Management LLC Sells 215 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Meridian Wealth Management LLC trimmed its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,085 shares of the company’s stock after selling 215 shares during the quarter. Meridian Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $1,709,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in Grayscale Bitcoin Trust by 193.8% during the third quarter. Farther Finance Advisors LLC now owns 3,664 shares of the company’s stock worth $185,000 after acquiring an additional 2,417 shares during the last quarter. Blue Square Asset Management LLC increased its stake in Grayscale Bitcoin Trust by 16.2% during the third quarter. Blue Square Asset Management LLC now owns 107,323 shares of the company’s stock worth $5,420,000 after acquiring an additional 14,989 shares during the last quarter. Silicon Valley Capital Partners increased its stake in Grayscale Bitcoin Trust by 16.1% during the third quarter. Silicon Valley Capital Partners now owns 10,800 shares of the company’s stock worth $545,000 after acquiring an additional 1,500 shares during the last quarter. Clarity Financial LLC bought a new stake in Grayscale Bitcoin Trust during the third quarter worth approximately $1,502,000. Finally, American Capital Advisory LLC bought a new stake in Grayscale Bitcoin Trust during the third quarter worth approximately $316,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $68.03 on Tuesday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The business’s 50 day moving average is $76.86 and its two-hundred day moving average is $65.49. The stock has a market capitalization of $17.20 billion, a P/E ratio of 2.23 and a beta of 2.51.

About Grayscale Bitcoin Trust

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.