Enterprise Bank & Trust Co Makes New $274,000 Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Enterprise Bank & Trust Co purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,700 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC raised its holdings in shares of Grayscale Bitcoin Trust by 84.7% during the second quarter. Headlands Technologies LLC now owns 3,599 shares of the company’s stock worth $192,000 after purchasing an additional 1,650 shares during the last quarter. LPL Financial LLC grew its position in shares of Grayscale Bitcoin Trust by 7.1% in the second quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock valued at $54,887,000 after purchasing an additional 68,698 shares during the period. Warberg Asset Management LLC acquired a new position in Grayscale Bitcoin Trust during the second quarter worth about $337,000. One Capital Management LLC boosted its position in Grayscale Bitcoin Trust by 8.8% during the second quarter. One Capital Management LLC now owns 21,202 shares of the company’s stock worth $1,129,000 after acquiring an additional 1,710 shares during the last quarter. Finally, Virtu Financial LLC raised its stake in Grayscale Bitcoin Trust by 158.8% during the second quarter. Virtu Financial LLC now owns 137,123 shares of the company’s stock worth $7,300,000 after purchasing an additional 84,134 shares during the period.

Grayscale Bitcoin Trust Trading Down 3.0 %

GBTC stock traded down $2.27 during trading on Monday, reaching $72.81. 2,838,354 shares of the stock were exchanged, compared to its average volume of 3,199,495. The business has a 50 day moving average price of $74.55 and a 200-day moving average price of $59.27. Grayscale Bitcoin Trust has a 1 year low of $34.31 and a 1 year high of $86.11. The firm has a market capitalization of $37.18 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.