Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Guild Investment Management Inc.

Guild Investment Management Inc. reduced its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,595 shares of the company’s stock after selling 67,595 shares during the quarter. Grayscale Bitcoin Trust comprises about 5.4% of Guild Investment Management Inc.’s investment portfolio, making the stock its 4th biggest position. Guild Investment Management Inc.’s holdings in Grayscale Bitcoin Trust were worth $5,003,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GBTC. Prosperity Wealth Management Inc. purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter worth $234,000. Prosperity Financial Group Inc. acquired a new position in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $3,220,000. Miller Financial Services LLC bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at $256,000. FWG Holdings LLC increased its position in Grayscale Bitcoin Trust by 83.5% in the 4th quarter. FWG Holdings LLC now owns 16,839 shares of the company’s stock valued at $1,350,000 after acquiring an additional 7,662 shares during the period. Finally, SLT Holdings LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $10,203,000.

Grayscale Bitcoin Trust Stock Up 5.2 %

Shares of NYSEARCA GBTC opened at $65.70 on Wednesday. The stock’s fifty day simple moving average is $75.89 and its 200 day simple moving average is $66.31. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.