Fortem Financial Group LLC Has $1.25 Million Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Fortem Financial Group LLC increased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,750 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Fortem Financial Group LLC’s holdings in Grayscale Bitcoin Trust were worth $1,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Greenwich Wealth Management LLC lifted its stake in shares of Grayscale Bitcoin Trust by 99.9% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after buying an additional 538,256 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter valued at approximately $14,810,000. International Assets Investment Management LLC grew its holdings in shares of Grayscale Bitcoin Trust by 4,950.0% during the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after purchasing an additional 189,585 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Grayscale Bitcoin Trust by 4,689.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 184,686 shares of the company’s stock valued at $98,000 after purchasing an additional 180,830 shares during the last quarter. Finally, Atlas Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter valued at approximately $7,774,000.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $76.57 on Wednesday. Grayscale Bitcoin Trust has a fifty-two week low of $31.93 and a fifty-two week high of $82.44. The firm has a market capitalization of $39.11 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company’s 50 day moving average price is $63.06 and its two-hundred day moving average price is $56.32.

Grayscale Bitcoin Trust Company 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.