Freestone Capital Holdings LLC Buys Shares of 3,555 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Freestone Capital Holdings LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,555 shares of the company’s stock, valued at approximately $225,000.

Several other institutional investors have also made changes to their positions in GBTC. Sloy Dahl & Holst LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $32,959,000. Bracebridge Capital LLC bought a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $26,526,000. Mad River Investors acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth $25,251,000. Global Assets Advisory LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter worth $22,079,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Grayscale Bitcoin Trust in the 1st quarter worth $21,571,000.

Grayscale Bitcoin Trust Trading Up 5.2 %

GBTC traded up $2.97 during midday trading on Friday, reaching $60.33. The company’s stock had a trading volume of 4,489,583 shares, compared to its average volume of 11,720,469. Grayscale Bitcoin Trust has a twelve month low of $17.00 and a twelve month high of $65.61. The stock has a market cap of $30.81 billion, a P/E ratio of 2.29 and a beta of 1.25. The company has a fifty day simple moving average of $57.68 and a 200 day simple moving average of $53.88.

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.