Kathleen S. Wright Associates Inc. grew its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 58.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,209 shares of the company’s stock after purchasing an additional 1,557 shares during the period. Kathleen S. Wright Associates Inc.’s holdings in Grayscale Bitcoin Trust were worth $213,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $117,350,000. Farallon Capital Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth $85,221,000. Sloy Dahl & Holst LLC purchased a new position in shares of Grayscale Bitcoin Trust during the first quarter valued at $32,959,000. Bracebridge Capital LLC bought a new position in Grayscale Bitcoin Trust during the 1st quarter worth about $26,526,000. Finally, Mad River Investors purchased a new position in Grayscale Bitcoin Trust during the 1st quarter valued at about $25,251,000.
Grayscale Bitcoin Trust Trading Up 4.4 %
Shares of GBTC traded up $2.22 during mid-day trading on Monday, hitting $52.49. The company’s stock had a trading volume of 2,753,323 shares, compared to its average volume of 9,569,495. The company’s 50-day moving average is $47.90 and its 200-day moving average is $54.10. Grayscale Bitcoin Trust has a 52-week low of $21.34 and a 52-week high of $65.61. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
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.
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