Prosperity Wealth Management Inc. Takes $234,000 Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Prosperity Wealth Management Inc. acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,168 shares of the company’s stock, valued at approximately $234,000.

A number of other hedge funds also recently made changes to their positions in the company. Lifeworks Advisors LLC increased its stake in shares of Grayscale Bitcoin Trust by 20.9% in the third quarter. Lifeworks Advisors LLC now owns 5,381 shares of the company’s stock worth $272,000 after buying an additional 932 shares during the last quarter. Intellectus Partners LLC increased its stake in shares of Grayscale Bitcoin Trust by 4.1% in the third quarter. Intellectus Partners LLC now owns 79,934 shares of the company’s stock worth $4,037,000 after buying an additional 3,165 shares during the last quarter. Prospera Financial Services Inc increased its stake in shares of Grayscale Bitcoin Trust by 26.7% in the third quarter. Prospera Financial Services Inc now owns 7,835 shares of the company’s stock worth $396,000 after buying an additional 1,650 shares during the last quarter. FWG Holdings LLC increased its stake in shares of Grayscale Bitcoin Trust by 4.2% in the third quarter. FWG Holdings LLC now owns 9,177 shares of the company’s stock worth $508,000 after buying an additional 370 shares during the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of Grayscale Bitcoin Trust by 0.4% in the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after buying an additional 1,305 shares during the last quarter.

Grayscale Bitcoin Trust Trading Down 0.2 %

Shares of NYSEARCA:GBTC opened at $65.57 on Thursday. The company has a fifty day simple moving average of $75.72 and a 200 day simple moving average of $66.31. The firm has a market cap of $16.22 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

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.