Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Acquired by Aristides Capital LLC

Aristides Capital LLC increased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 12.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,931 shares of the company’s stock after acquiring an additional 17,800 shares during the quarter. Grayscale Bitcoin Trust makes up about 2.5% of Aristides Capital LLC’s holdings, making the stock its 3rd biggest position. Aristides Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $12,208,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after purchasing an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $19,360,000. SLT Holdings LLC purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $10,203,000. Discovery Capital Management LLC CT acquired a new position in Grayscale Bitcoin Trust in the 4th quarter valued at about $7,950,000. Finally, Citrine Capital LLC purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter valued at approximately $7,721,000.

Grayscale Bitcoin Trust Trading Up 2.4 %

Shares of GBTC stock opened at $66.32 on Friday. The company has a market capitalization of $16.26 billion, a P/E ratio of 2.23 and a beta of 2.59. The business’s 50 day moving average is $71.60 and its two-hundred day moving average is $68.72. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11.

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.