710 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Purchased by Redwood Park Advisors LLC

Redwood Park Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 710 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds have also recently added to or reduced their stakes in GBTC. Proficio Capital Partners LLC raised its holdings in Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after purchasing an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $19,360,000. SLT Holdings LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $10,203,000. Discovery Capital Management LLC CT bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $7,950,000. Finally, Citrine Capital LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $7,721,000.

Grayscale Bitcoin Trust Stock Up 7.3 %

NYSEARCA:GBTC opened at $65.04 on Thursday. The company has a fifty day moving average of $69.72 and a 200-day moving average of $69.03. The firm has a market capitalization of $15.94 billion, a P/E ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11.

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.