Knuff & Co LLC Makes New $130,000 Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Knuff & Co LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,750 shares of the company’s stock, valued at approximately $130,000.

Several other hedge funds have also recently bought and sold shares of GBTC. Proficio Capital Partners LLC boosted its position in shares of Grayscale Bitcoin Trust by 4,462.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after buying an additional 2,057,850 shares during the period. Moors & Cabot Inc. boosted 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 valued at $18,633,000 after purchasing an additional 1,305 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $19,360,000. Foundations Investment Advisors LLC raised its position in Grayscale Bitcoin Trust by 25.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock worth $10,647,000 after purchasing an additional 29,389 shares during the last quarter. Finally, SLT Holdings LLC bought a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth about $10,203,000.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock opened at $65.70 on Wednesday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. The business has a 50-day simple moving average of $75.89 and a 200 day simple moving average of $66.31.

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.