Transcend Capital Advisors LLC Acquires New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Transcend Capital Advisors LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,533 shares of the company’s stock, valued at approximately $1,359,000.

Other large investors also recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $27,000. YHB Investment Advisors Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $28,000. Toth Financial Advisory Corp acquired a new stake in Grayscale Bitcoin Trust in the 1st quarter worth $28,000. Hollencrest Capital Management acquired a new stake in Grayscale Bitcoin Trust during the first quarter worth about $28,000. Finally, Ulland Investment Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at $32,000.

Grayscale Bitcoin Trust Stock Down 12.6 %

NYSEARCA:GBTC traded down $6.29 during trading hours on Monday, reaching $43.58. The company had a trading volume of 10,202,553 shares, compared to its average volume of 11,500,487. The stock has a 50-day moving average of $56.83 and a two-hundred day moving average of $54.46. Grayscale Bitcoin Trust has a one year low of $17.00 and a one year high of $65.61. The firm has a market capitalization of $22.26 billion, a PE ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.