Birnam Oak Advisors LP Acquires New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Birnam Oak Advisors LP bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, Holdings Channel.com reports. The firm bought 33,000 shares of the company’s stock, valued at approximately $1,751,000. iShares Bitcoin Trust makes up 0.8% of Birnam Oak Advisors LP’s investment portfolio, making the stock its 21st biggest position.

Several other large investors have also recently added to or reduced their stakes in IBIT. Proficio Capital Partners LLC lifted its position in iShares Bitcoin Trust by 6,401.8% during the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after buying an additional 4,573,794 shares during the period. Clear Street Derivatives LLC purchased a new position in iShares Bitcoin Trust during the third quarter worth about $23,686,000. LMR Partners LLP raised its holdings in shares of iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after purchasing an additional 490,000 shares during the period. Verde Servicos Internacionais S.A. raised its holdings in shares of iShares Bitcoin Trust by 3,525.8% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after purchasing an additional 423,100 shares during the period. Finally, Parallax Volatility Advisers L.P. raised its holdings in shares of iShares Bitcoin Trust by 127.6% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after purchasing an additional 370,000 shares during the period.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $48.06 on Tuesday. The stock’s 50-day moving average is $53.82 and its 200-day moving average is $47.88. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

iShares Bitcoin Trust Company Profile

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.