Catalina Capital Group LLC Sells 3,070 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Catalina Capital Group LLC lessened its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 26.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,525 shares of the company’s stock after selling 3,070 shares during the period. Catalina Capital Group LLC’s holdings in Grayscale Bitcoin Trust were worth $631,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in Grayscale Bitcoin Trust by 80.5% during the second quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock valued at $1,057,000 after purchasing an additional 8,533 shares during the period. Sanctuary Advisors LLC purchased a new stake in Grayscale Bitcoin Trust in the 2nd quarter worth approximately $1,876,000. Quent Capital LLC raised its stake in Grayscale Bitcoin Trust by 1,563.9% during the 3rd quarter. Quent Capital LLC now owns 7,288 shares of the company’s stock worth $369,000 after acquiring an additional 6,850 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Grayscale Bitcoin Trust by 14.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 6,844 shares of the company’s stock valued at $346,000 after purchasing an additional 840 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter worth approximately $50,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $80.41 on Monday. Grayscale Bitcoin Trust has a 1 year low of $37.73 and a 1 year high of $86.11. The firm has a fifty day moving average price of $78.35 and a 200-day moving average price of $62.13. The stock has a market cap of $41.07 billion, a PE ratio of 2.29 and a beta of 1.25.

About Grayscale Bitcoin Trust

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.