3,722 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by WorthPointe LLC

WorthPointe LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,722 shares of the company’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Quarterback LLC purchased a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $215,000. RFG Advisory LLC acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $262,000. Arkadios Wealth Advisors purchased a new position in Grayscale Bitcoin Trust in the fourth quarter worth $245,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth $692,000. Finally, Mutual Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $69.77 on Tuesday. The stock’s fifty day moving average price is $74.15 and its 200 day moving average price is $67.53. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.