Grayscale Bitcoin Trust (NYSEARCA:GBTC) is Mad River Investors’ 2nd Largest Position

Mad River Investors trimmed its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,806 shares of the company’s stock after selling 3,939 shares during the period. Grayscale Bitcoin Trust accounts for 13.3% of Mad River Investors’ holdings, making the stock its 2nd biggest position. Mad River Investors owned about 0.08% of Grayscale Bitcoin Trust worth $28,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GBTC. Armstrong Advisory Group Inc. boosted its position in Grayscale Bitcoin Trust by 310.0% during 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. West Oak Capital LLC grew its holdings in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the period. ORG Wealth Partners LLC acquired a new stake in Grayscale Bitcoin Trust during the third quarter worth about $46,000. Future Financial Wealth Managment LLC acquired a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at about $50,000. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $53,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $83.05 on Tuesday. Grayscale Bitcoin Trust has a 1 year low of $34.31 and a 1 year high of $86.11. The company has a market capitalization of $42.41 billion, a P/E ratio of 2.29 and a beta of 1.25. The company has a 50 day simple moving average of $76.85 and a 200-day simple moving average of $60.32.

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.