Mint Tower Capital Management B.V. Buys 2,617,925 Shares of iShares Bitcoin Trust ETF $IBIT

Mint Tower Capital Management B.V. grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1,131.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,849,285 shares of the company’s stock after purchasing an additional 2,617,925 shares during the period. iShares Bitcoin Trust ETF comprises about 26.7% of Mint Tower Capital Management B.V.’s holdings, making the stock its biggest holding. Mint Tower Capital Management B.V.’s holdings in iShares Bitcoin Trust ETF were worth $174,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 13.1% during the first quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock worth $121,000 after purchasing an additional 300 shares during the period. Galvin Gaustad & Stein LLC increased its stake in iShares Bitcoin Trust ETF by 158.1% in the 1st quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock valued at $565,000 after buying an additional 7,400 shares during the period. Brio Consultants LLC purchased a new stake in iShares Bitcoin Trust ETF in the 1st quarter worth approximately $5,308,000. Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of iShares Bitcoin Trust ETF by 125.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 24,419 shares of the company’s stock valued at $1,143,000 after buying an additional 13,581 shares during the period.

iShares Bitcoin Trust ETF Stock Down 3.8%

NASDAQ IBIT opened at $53.47 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $42.98 and a 1-year high of $71.82. The firm’s fifty day simple moving average is $63.39 and its 200-day simple moving average is $62.73.

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.