Militia Capital Management LLC Takes $9.79 Million Position in iShares Bitcoin Trust ETF $IBIT

Militia Capital Management LLC acquired a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the first quarter, Holdings Channel.com reports. The fund acquired 254,938 shares of the company’s stock, valued at approximately $9,795,000. iShares Bitcoin Trust ETF accounts for approximately 2.1% of Militia Capital Management LLC’s holdings, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in iShares Bitcoin Trust ETF by 21.5% in the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after buying an additional 2,374,482 shares during the last quarter. Mubadala Investment Co PJSC grew its stake in shares of iShares Bitcoin Trust ETF by 45.6% during the fourth quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after acquiring an additional 3,975,351 shares during the last quarter. Laurore Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $436,239,000. Al Warda Investments RSC Ltd grew its stake in shares of iShares Bitcoin Trust ETF by 3.2% during the fourth quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after acquiring an additional 255,319 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 19.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after acquiring an additional 1,093,183 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 0.9%

Shares of iShares Bitcoin Trust ETF stock opened at $37.34 on Thursday. The company has a 50 day moving average price of $37.73 and a 200 day moving average price of $41.28. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82.

About iShares Bitcoin Trust ETF

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.