Consolidated Portfolio Review Corp Purchases 52,852 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Consolidated Portfolio Review Corp increased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 246.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 74,339 shares of the company’s stock after buying an additional 52,852 shares during the quarter. Grayscale Bitcoin Trust accounts for approximately 0.9% of Consolidated Portfolio Review Corp’s holdings, making the stock its 20th biggest position. Consolidated Portfolio Review Corp’s holdings in Grayscale Bitcoin Trust were worth $5,503,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GBTC. Greenwich Wealth Management LLC raised its holdings in Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after buying an additional 538,256 shares during the last quarter. Mad River Investors increased its position in shares of Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after acquiring an additional 82,187 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after acquiring an additional 1,305 shares during the last quarter. International Assets Investment Management LLC lifted its position in Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after acquiring an additional 189,585 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Grayscale Bitcoin Trust by 2.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 180,068 shares of the company’s stock valued at $9,093,000 after acquiring an additional 5,120 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC opened at $76.78 on Friday. The firm has a market capitalization of $39.21 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $38.29 and a 52 week high of $86.11. The stock has a 50 day moving average price of $78.58 and a two-hundred day moving average price of $62.57.

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.