30,372 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Purchased by Illumine Investment Management LLC

Illumine Investment Management LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, HoldingsChannel reports. The fund purchased 30,372 shares of the company’s stock, valued at approximately $2,248,000. Grayscale Bitcoin Trust makes up approximately 1.9% of Illumine Investment Management LLC’s portfolio, making the stock its 18th largest holding.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its stake in shares of Grayscale Bitcoin Trust by 4,462.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares in the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after purchasing an additional 538,256 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Grayscale Bitcoin Trust by 0.4% during the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after buying an additional 1,305 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $19,360,000. Finally, Foundations Investment Advisors LLC boosted its holdings in Grayscale Bitcoin Trust by 25.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock worth $10,647,000 after purchasing an additional 29,389 shares during the last quarter.

Grayscale Bitcoin Trust Trading Down 1.1 %

Shares of GBTC stock opened at $65.95 on Friday. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The firm’s 50 day moving average is $77.18 and its 200 day moving average is $64.95. The stock has a market capitalization of $16.67 billion, a P/E ratio of 2.23 and a beta of 2.51.

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.