Centric Wealth Management acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,788 shares of the company’s stock, valued at approximately $280,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GBTC. Proficio Capital Partners LLC boosted its stake in shares of Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after purchasing an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $19,360,000. SLT Holdings LLC acquired a new stake in Grayscale Bitcoin Trust during the fourth quarter worth approximately $10,203,000. Citrine Capital LLC purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter worth approximately $7,721,000. Finally, Variant Private Wealth LLC acquired a new position in Grayscale Bitcoin Trust in the 4th quarter valued at $7,113,000.
Grayscale Bitcoin Trust Stock Down 1.5 %
Shares of NYSEARCA:GBTC opened at $65.17 on Tuesday. The company has a market cap of $15.97 billion, a P/E ratio of 2.23 and a beta of 2.59. The business has a fifty day simple moving average of $72.90 and a 200-day simple moving average of $68.32. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week 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.
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