Meixler Investment Management Ltd. Sells 136 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Meixler Investment Management Ltd. lessened its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,566 shares of the company’s stock after selling 136 shares during the period. Meixler Investment Management Ltd.’s holdings in Grayscale Bitcoin Trust were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Arkadios Wealth Advisors bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $245,000. Avior Wealth Management LLC boosted its stake in Grayscale Bitcoin Trust by 225.5% in the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock valued at $120,000 after acquiring an additional 1,123 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after acquiring an additional 30,112 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Grayscale Bitcoin Trust by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after acquiring an additional 1,349 shares during the last quarter. Finally, RFG Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at approximately $262,000.

Grayscale Bitcoin Trust Trading Up 1.0 %

Shares of GBTC stock opened at $77.01 on Friday. The stock has a market capitalization of $39.33 billion, a P/E ratio of 2.29 and a beta of 1.25. The firm’s 50 day moving average is $78.40 and its 200 day moving average is $63.46. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11.

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.