3,640 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by SP Asset Management LLC

SP Asset Management LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,640 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors also recently bought and sold shares of the company. Synergy Investment Management LLC acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter worth approximately $30,000. Activest Wealth Management boosted its stake in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after acquiring an additional 310 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter valued at approximately $36,000. Finally, Bear Mountain Capital Inc. lifted its stake in Grayscale Bitcoin Trust by 162.5% during the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after acquiring an additional 325 shares during the period.

Grayscale Bitcoin Trust Trading Up 4.1 %

Shares of NYSEARCA GBTC opened at $71.56 on Thursday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The company has a 50 day simple moving average of $76.53 and a two-hundred day simple moving average of $65.68. The stock has a market cap of $18.09 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.

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.