Flagstar Advisors Inc. Acquires 196 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Flagstar Advisors Inc. increased its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,472 shares of the company’s stock after purchasing an additional 196 shares during the quarter. Flagstar Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Wealth Management LLC increased its stake in shares of Grayscale Bitcoin Trust by 6.7% in the third quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock worth $207,000 after purchasing an additional 257 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Grayscale Bitcoin Trust by 6.3% in the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after buying an additional 276 shares during the period. SJS Investment Consulting Inc. increased its stake in Grayscale Bitcoin Trust by 1.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 27,453 shares of the company’s stock worth $1,462,000 after buying an additional 300 shares in the last quarter. West Oak Capital LLC raised its holdings in Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of Grayscale Bitcoin Trust by 5.2% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,842 shares of the company’s stock valued at $346,000 after acquiring an additional 340 shares in the last quarter.

Grayscale Bitcoin Trust Stock Up 1.1 %

NYSEARCA GBTC opened at $78.87 on Friday. The business has a 50-day moving average price of $56.59 and a 200-day moving average price of $54.80. The firm has a market cap of $40.28 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $29.88 and a twelve month high of $79.34.

Grayscale Bitcoin Trust Profile

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.