Cyndeo Wealth Partners LLC Has $3.17 Million Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Cyndeo Wealth Partners LLC decreased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,857 shares of the company’s stock after selling 686 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $3,172,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in GBTC. Greenwich Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after acquiring an additional 538,256 shares during the last quarter. Mad River Investors raised its holdings in shares of Grayscale Bitcoin Trust by 26.7% during the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after purchasing an additional 82,187 shares in the last quarter. Moors & Cabot Inc. lifted its stake in shares of Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after purchasing an additional 1,305 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in Grayscale Bitcoin Trust in the second quarter worth $14,810,000. Finally, International Assets Investment Management LLC increased its position in Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after buying an additional 189,585 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $83.17 on Friday. Grayscale Bitcoin Trust has a fifty-two week low of $35.24 and a fifty-two week high of $86.11. The stock’s 50-day moving average is $77.79 and its two-hundred day moving average is $61.09. The firm has a market cap of $42.48 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.