Nwam LLC boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,931 shares of the company’s stock after acquiring an additional 441 shares during the period. Nwam LLC’s holdings in Grayscale Bitcoin Trust were worth $1,771,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Advisor OS LLC acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at about $245,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $289,000. LGL Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $254,000. Sprott Inc. boosted its stake in shares of Grayscale Bitcoin Trust by 83.2% during the 4th quarter. Sprott Inc. now owns 35,326 shares of the company’s stock worth $2,615,000 after purchasing an additional 16,040 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co boosted its stake in shares of Grayscale Bitcoin Trust by 1.0% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock worth $1,251,000 after purchasing an additional 165 shares during the last quarter.
Grayscale Bitcoin Trust Price Performance
Shares of GBTC stock opened at $65.95 on Friday. The firm has a market cap of $16.67 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The firm’s 50-day simple moving average is $77.18 and its 200-day simple moving average is $64.95.
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.
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