Consolidated Portfolio Review Corp Purchases 52,852 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Consolidated Portfolio Review Corp lifted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 246.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,339 shares of the company’s stock after acquiring an additional 52,852 shares during the period. Grayscale Bitcoin Trust makes up approximately 0.9% of Consolidated Portfolio Review Corp’s portfolio, making the stock its 20th biggest position. Consolidated Portfolio Review Corp’s holdings in Grayscale Bitcoin Trust were worth $5,503,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Citrine Capital LLC acquired a new stake in Grayscale Bitcoin Trust during the fourth quarter worth approximately $7,721,000. Silver Oak Securities Incorporated boosted its holdings in shares of Grayscale Bitcoin Trust by 22.0% during the 4th quarter. Silver Oak Securities Incorporated now owns 5,741 shares of the company’s stock worth $429,000 after buying an additional 1,034 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Grayscale Bitcoin Trust by 3.8% during the 4th quarter. Bleakley Financial Group LLC now owns 62,702 shares of the company’s stock worth $4,641,000 after buying an additional 2,313 shares during the period. Vestia Personal Wealth Advisors bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $206,000. Finally, Choreo LLC lifted its position in shares of Grayscale Bitcoin Trust by 0.8% during the 4th quarter. Choreo LLC now owns 27,301 shares of the company’s stock valued at $2,026,000 after acquiring an additional 212 shares during the period.

Grayscale Bitcoin Trust Stock Down 0.4 %

Shares of NYSEARCA GBTC opened at $76.78 on Friday. The firm has a market cap of $39.21 billion, a PE ratio of 2.29 and a beta of 1.25. The company’s fifty day simple moving average is $78.58 and its 200 day simple moving average is $62.57. Grayscale Bitcoin Trust has a 12-month low of $38.29 and a 12-month high of $86.11.

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.