Stevens Capital Management LP Sells 44,100 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Stevens Capital Management LP reduced its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 80.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,800 shares of the company’s stock after selling 44,100 shares during the quarter. Stevens Capital Management LP’s holdings in Grayscale Bitcoin Trust were worth $799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in shares of Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after buying an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at $19,360,000. SLT Holdings LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at $10,203,000. Citrine Capital LLC bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth $7,721,000. Finally, Variant Private Wealth LLC bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth $7,113,000.

Grayscale Bitcoin Trust Trading Down 0.3 %

Shares of GBTC opened at $66.32 on Friday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The firm’s 50-day moving average price is $74.24 and its 200-day moving average price is $67.21. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.