Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Bought by Sprott Inc.

Sprott Inc. lifted its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 83.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,326 shares of the company’s stock after buying an additional 16,040 shares during the quarter. Sprott Inc.’s holdings in Grayscale Bitcoin Trust were worth $2,615,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GBTC. Armstrong Advisory Group Inc. boosted its position in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the period. Bear Mountain Capital Inc. boosted its holdings in shares of Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after purchasing an additional 325 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the third quarter valued at $53,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the third quarter valued at $56,000.

Grayscale Bitcoin Trust Trading Down 6.3 %

NYSEARCA GBTC opened at $69.62 on Wednesday. The business’s 50-day moving average price is $77.95 and its 200 day moving average price is $64.78. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The company has a market capitalization of $17.60 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.