Madison Wealth Partners Inc Invests $251,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Madison Wealth Partners Inc purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,392 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds also recently bought and sold shares of the business. Proficio Capital Partners LLC increased its holdings in Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares during the period. Moors & Cabot Inc. increased its holdings in Grayscale Bitcoin Trust by 0.4% during 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 period. Strategic Financial Concepts LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $19,360,000. Foundations Investment Advisors LLC increased its holdings in Grayscale Bitcoin Trust by 25.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock valued at $10,647,000 after purchasing an additional 29,389 shares during the period. Finally, SLT Holdings LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $10,203,000.

Grayscale Bitcoin Trust Stock Performance

GBTC stock opened at $65.57 on Thursday. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The business’s 50 day moving average price is $75.72 and its two-hundred day moving average price is $66.31. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.