Portfolio Design Labs LLC Acquires Shares of 3,033 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Portfolio Design Labs LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,033 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors also recently modified their holdings of the company. Greenwich Wealth Management LLC boosted its holdings 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 in the last quarter. Mad River Investors lifted its position in shares of Grayscale Bitcoin Trust by 26.7% in the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after purchasing an additional 82,187 shares during the period. Moors & Cabot Inc. boosted its stake in shares of 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 in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at about $19,360,000. Finally, International Assets Investment Management LLC raised its stake in Grayscale Bitcoin Trust by 4,950.0% in 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 in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $76.80 on Thursday. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The stock’s 50 day simple moving average is $78.56 and its two-hundred day simple moving average is $63.08. The stock has a market cap of $39.22 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.