Stansberry Asset Management LLC Sells 1,209 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Stansberry Asset Management LLC lowered its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.7% during the third quarter, Holdings Channel.com reports. The firm owned 24,370 shares of the company’s stock after selling 1,209 shares during the period. Stansberry Asset Management LLC’s holdings in Grayscale Bitcoin Trust were worth $1,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Greenwich Wealth Management LLC lifted its stake 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 buying an additional 538,256 shares during the period. Magnolia Capital Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the second quarter worth about $14,810,000. International Assets Investment Management LLC grew its holdings in shares of Grayscale Bitcoin Trust by 4,950.0% during 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. Strategic Financial Concepts LLC grew its stake in Grayscale Bitcoin Trust by 4,689.6% in the second quarter. Strategic Financial Concepts LLC now owns 184,686 shares of the company’s stock valued at $98,000 after purchasing an additional 180,830 shares in the last quarter. Finally, Atlas Wealth Partners LLC bought a new position in Grayscale Bitcoin Trust in the third quarter valued at approximately $7,774,000.

Grayscale Bitcoin Trust Stock Up 3.6 %

GBTC stock opened at $78.69 on Thursday. The business has a 50 day moving average price of $60.89 and a two-hundred day moving average price of $55.89. The company has a market cap of $40.19 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $31.93 and a twelve month high of $79.34.

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.