Grayscale Bitcoin Trust (NYSEARCA:GBTC) is Mad River Investors’ 2nd Largest Position

Mad River Investors decreased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,806 shares of the company’s stock after selling 3,939 shares during the quarter. Grayscale Bitcoin Trust makes up approximately 13.3% of Mad River Investors’ portfolio, making the stock its 2nd biggest position. Mad River Investors’ holdings in Grayscale Bitcoin Trust were worth $28,557,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. increased its stake in Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares during the period. West Oak Capital LLC grew its position in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after buying an additional 320 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter worth $50,000. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust during the third quarter worth about $53,000.

Grayscale Bitcoin Trust Trading Up 4.4 %

Shares of GBTC opened at $83.05 on Tuesday. The stock’s 50 day moving average is $76.85 and its two-hundred day moving average is $60.32. Grayscale Bitcoin Trust has a twelve month low of $34.31 and a twelve month high of $86.11. The firm has a market capitalization of $42.41 billion, a PE ratio of 2.29 and a beta of 1.25.

About Grayscale Bitcoin Trust

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.