Iridian Asset Management LLC CT Sells 8,464 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Iridian Asset Management LLC CT decreased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 41.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,836 shares of the company’s stock after selling 8,464 shares during the period. Iridian Asset Management LLC CT’s holdings in Grayscale Bitcoin Trust were worth $876,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GBTC. Armstrong Advisory Group Inc. raised its position in Grayscale Bitcoin Trust by 310.0% during 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 raised its position in Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Trust in the third quarter worth about $46,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter worth approximately $50,000. Finally, Icon Wealth Advisors LLC bought a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at $53,000.

Grayscale Bitcoin Trust Stock Performance

Shares of Grayscale Bitcoin Trust stock opened at $76.78 on Friday. Grayscale Bitcoin Trust has a one year low of $38.29 and a one year high of $86.11. The company has a 50-day simple moving average of $78.58 and a two-hundred day simple moving average of $62.57. The company has a market capitalization of $39.21 billion, a PE 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.