3,772 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by Horizon Wealth Management LLC

Horizon Wealth Management LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter, according to its most recent filing with the SEC. The firm purchased 3,772 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter worth about $45,000. Mirador Capital Partners LP purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $449,000. Pettinga Financial Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $2,721,000. Compass Ion Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $2,980,000. Finally, SteelPeak Wealth LLC acquired a new position in Grayscale Bitcoin Trust in the first quarter valued at approximately $287,000.

Grayscale Bitcoin Trust Price Performance

GBTC traded up $3.32 during trading hours on Monday, reaching $56.56. The company’s stock had a trading volume of 2,207,713 shares, compared to its average volume of 12,785,451. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week high of $65.61. The stock has a market cap of $28.89 billion, a PE ratio of 2.29 and a beta of 1.25. The business’s 50-day moving average is $58.01 and its 200-day moving average is $51.51.

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.