Arlington Capital Management Inc. Raises Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Arlington Capital Management Inc. lifted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,754 shares of the company’s stock after buying an additional 920 shares during the quarter. Arlington Capital Management Inc.’s holdings in Grayscale Bitcoin Trust were worth $500,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC raised its position in Grayscale Bitcoin Trust by 25.6% during the third quarter. Cerity Partners LLC now owns 44,913 shares of the company’s stock worth $2,268,000 after acquiring an additional 9,152 shares during the last quarter. Townsquare Capital LLC raised its position in shares of Grayscale Bitcoin Trust by 79.5% during the 3rd quarter. Townsquare Capital LLC now owns 14,023 shares of the company’s stock worth $708,000 after purchasing an additional 6,209 shares during the last quarter. Cynosure Group LLC lifted its stake in Grayscale Bitcoin Trust by 12.5% in the 3rd quarter. Cynosure Group LLC now owns 22,072 shares of the company’s stock valued at $1,115,000 after buying an additional 2,454 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Grayscale Bitcoin Trust by 62.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 8,261 shares of the company’s stock valued at $417,000 after buying an additional 3,170 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust during the third quarter worth $164,000.

Grayscale Bitcoin Trust Stock Down 0.1 %

NYSEARCA GBTC opened at $69.72 on Wednesday. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The business has a fifty day moving average of $74.02 and a 200-day moving average of $67.72. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.