Blue Trust Inc. Buys 3,114 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Blue Trust Inc. raised its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 19.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,444 shares of the company’s stock after purchasing an additional 3,114 shares during the quarter. Blue Trust Inc.’s holdings in Grayscale Bitcoin Trust were worth $1,439,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Activest Wealth Management boosted its stake in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after acquiring an additional 140 shares during the period. Mutual Advisors LLC lifted its holdings in Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Grayscale Bitcoin Trust by 0.8% in the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the last quarter. Flagstar Advisors Inc. raised its position in shares of Grayscale Bitcoin Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after purchasing an additional 196 shares during the period. Finally, Choreo LLC lifted its stake in shares of Grayscale Bitcoin Trust by 0.8% during the 4th quarter. Choreo LLC now owns 27,301 shares of the company’s stock worth $2,026,000 after buying an additional 212 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock opened at $77.01 on Friday. The company has a market capitalization of $39.33 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The company has a 50-day simple moving average of $78.40 and a 200 day simple moving average of $63.46.

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.