3,647 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by Dudley Capital Management LLC

Dudley Capital Management LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,647 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors also recently made changes to their positions in GBTC. Proficio Capital Partners LLC grew its position in Grayscale Bitcoin Trust by 4,462.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after acquiring an additional 2,057,850 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $19,360,000. SLT Holdings LLC acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter worth approximately $10,203,000. Citrine Capital LLC purchased a new position in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $7,721,000. Finally, Variant Private Wealth LLC acquired a new position in Grayscale Bitcoin Trust during the fourth quarter valued at approximately $7,113,000.

Grayscale Bitcoin Trust Stock Up 5.2 %

Grayscale Bitcoin Trust stock opened at $69.77 on Tuesday. The firm has a market capitalization of $17.10 billion, a P/E ratio of 2.23 and a beta of 2.59. The firm has a fifty day moving average of $74.15 and a 200-day moving average of $67.53. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11.

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.