OLD Mission Capital LLC Invests $5.56 Million in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

OLD Mission Capital LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 75,118 shares of the company’s stock, valued at approximately $5,560,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its holdings in Grayscale Bitcoin Trust by 4,462.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares in the last quarter. LPL Financial LLC raised its position in shares of Grayscale Bitcoin Trust by 0.4% during the 4th quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock valued at $83,010,000 after purchasing an additional 4,728 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $19,360,000. Foundations Investment Advisors LLC boosted its holdings in Grayscale Bitcoin Trust by 25.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock worth $10,647,000 after buying an additional 29,389 shares during the period. Finally, SLT Holdings LLC purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter worth $10,203,000.

Grayscale Bitcoin Trust Stock Down 1.5 %

Shares of Grayscale Bitcoin Trust stock opened at $65.17 on Tuesday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The stock’s 50-day simple moving average is $72.90 and its 200-day simple moving average is $68.32. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.