Modus Advisors LLC Buys Shares of 3,443 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Modus Advisors LLC acquired a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, Holdings Channel.com reports. The fund acquired 3,443 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Oak Capital LLC raised its holdings in shares of Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares during the last quarter. Asset Dedication LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter valued at about $40,000. Hollencrest Capital Management boosted its stake in shares of Grayscale Bitcoin Trust by 88.9% in the second quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after buying an additional 400 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Grayscale Bitcoin Trust during the third quarter worth about $46,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Grayscale Bitcoin Trust during the third quarter valued at approximately $50,000.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC traded down $0.04 during mid-day trading on Friday, hitting $77.17. 493,571 shares of the company were exchanged, compared to its average volume of 1,844,400. The stock has a market cap of $39.41 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1-year low of $34.31 and a 1-year high of $86.11. The company has a 50 day moving average of $72.04 and a 200-day moving average of $58.38.

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.