Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Bought by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co boosted its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,906 shares of the company’s stock after buying an additional 165 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Grayscale Bitcoin Trust were worth $1,251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of Grayscale Bitcoin Trust by 300.8% in the third quarter. Allworth Financial LP now owns 17,521 shares of the company’s stock valued at $885,000 after purchasing an additional 13,149 shares during the period. PFG Investments LLC grew its position in shares of Grayscale Bitcoin Trust by 60.1% in the third quarter. PFG Investments LLC now owns 12,806 shares of the company’s stock valued at $647,000 after purchasing an additional 4,806 shares during the period. Integrated Advisors Network LLC grew its position in shares of Grayscale Bitcoin Trust by 3.0% in the third quarter. Integrated Advisors Network LLC now owns 27,721 shares of the company’s stock valued at $1,400,000 after purchasing an additional 800 shares during the period. Highline Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the third quarter valued at about $147,000. Finally, SteelPeak Wealth LLC grew its position in shares of Grayscale Bitcoin Trust by 30.9% in the third quarter. SteelPeak Wealth LLC now owns 5,140 shares of the company’s stock valued at $260,000 after purchasing an additional 1,213 shares during the period.

Grayscale Bitcoin Trust Stock Down 6.3 %

Shares of NYSEARCA GBTC opened at $69.62 on Wednesday. The company’s 50-day simple moving average is $77.95 and its 200-day simple moving average is $64.78. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The firm has a market cap of $17.60 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.

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.