3,443 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by Modus Advisors LLC

Modus Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,443 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GBTC. Synovus Financial Corp lifted its stake in shares of Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in Grayscale Bitcoin Trust by 233.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 22,630 shares of the company’s stock worth $1,143,000 after buying an additional 15,850 shares during the last quarter. Sanctuary Advisors LLC increased its position in Grayscale Bitcoin Trust by 16.7% during the third quarter. Sanctuary Advisors LLC now owns 38,588 shares of the company’s stock valued at $1,949,000 after acquiring an additional 5,524 shares during the last quarter. Soltis Investment Advisors LLC raised its stake in shares of Grayscale Bitcoin Trust by 7.5% in the third quarter. Soltis Investment Advisors LLC now owns 19,820 shares of the company’s stock valued at $1,001,000 after acquiring an additional 1,379 shares during the period. Finally, Fortem Financial Group LLC grew its position in shares of Grayscale Bitcoin Trust by 2.1% during the 3rd quarter. Fortem Financial Group LLC now owns 24,750 shares of the company’s stock worth $1,250,000 after buying an additional 500 shares in the last quarter.

Grayscale Bitcoin Trust Stock Down 0.1 %

Shares of GBTC stock traded down $0.04 on Friday, hitting $77.17. The stock had a trading volume of 493,571 shares, compared to its average volume of 1,844,400. Grayscale Bitcoin Trust has a one year low of $34.31 and a one year high of $86.11. The business has a 50 day moving average price of $72.04 and a 200 day moving average price of $58.38. The company has a market cap of $39.41 billion, a PE ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.