Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. trimmed its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,282 shares of the company’s stock after selling 3,575 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Grayscale Bitcoin Trust were worth $3,448,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 204.3% in the third quarter. Larson Financial Group LLC now owns 102,433 shares of the company’s stock valued at $5,173,000 after purchasing an additional 68,768 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Grayscale Bitcoin Trust by 25.6% during the 3rd quarter. Cerity Partners LLC now owns 44,913 shares of the company’s stock worth $2,268,000 after purchasing an additional 9,152 shares in the last quarter. Flagstar Advisors Inc. raised its position in shares of Grayscale Bitcoin Trust by 2.7% during the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after purchasing an additional 196 shares during the last quarter. Nwam LLC purchased a new stake in Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $1,186,000. Finally, Meridian Wealth Management LLC acquired a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at $1,177,000.

Grayscale Bitcoin Trust Stock Up 1.1 %

NYSEARCA GBTC opened at $78.87 on Friday. Grayscale Bitcoin Trust has a fifty-two week low of $29.88 and a fifty-two week high of $79.34. The business has a fifty day moving average of $56.59 and a 200-day moving average of $54.79. The stock has a market cap of $40.28 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.