Mainstay Capital Management LLC ADV Buys 200 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Mainstay Capital Management LLC ADV grew its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,048 shares of the company’s stock after buying an additional 200 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Grayscale Bitcoin Trust were worth $1,780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GBTC. Wealth Quarterback LLC bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $215,000. Arkadios Wealth Advisors bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $245,000. RFG Advisory LLC bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $262,000. Avior Wealth Management LLC grew its stake in shares of Grayscale Bitcoin Trust by 225.5% in the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after purchasing an additional 1,123 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock worth $4,261,000 after purchasing an additional 30,112 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC opened at $75.06 on Monday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The company has a 50-day simple moving average of $78.14 and a two-hundred day simple moving average of $64.59. The firm has a market capitalization of $18.97 billion, a PE ratio of 2.23 and a beta of 2.51.

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.