Lido Advisors LLC Has $9.93 Million Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Lido Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 113.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,124 shares of the company’s stock after buying an additional 71,422 shares during the quarter. Lido Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $9,928,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rothschild Investment LLC lifted its position in Grayscale Bitcoin Trust by 0.9% in the fourth quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the period. Activest Wealth Management raised its stake in Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after acquiring an additional 140 shares in the last quarter. Mutual Advisors LLC raised its stake in Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after acquiring an additional 146 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in Grayscale Bitcoin Trust by 1.0% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock worth $1,251,000 after acquiring an additional 165 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $74.81 on Tuesday. The stock has a fifty day moving average price of $67.81 and a two-hundred day moving average price of $70.95. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The firm has a market capitalization of $18.06 billion, a P/E ratio of 2.23 and a beta of 2.56.

Grayscale Bitcoin Trust Company 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.