Mainstay Capital Management LLC ADV Grows Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Mainstay Capital Management LLC ADV grew its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,048 shares of the company’s stock after purchasing an additional 200 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Grayscale Bitcoin Trust were worth $1,780,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GBTC. International Assets Investment Management LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after purchasing an additional 189,585 shares during the last quarter. Allworth Financial LP increased its position in shares of Grayscale Bitcoin Trust by 300.8% during the third quarter. Allworth Financial LP now owns 17,521 shares of the company’s stock valued at $885,000 after acquiring an additional 13,149 shares in the last quarter. PFG Investments LLC increased its position in shares of Grayscale Bitcoin Trust by 60.1% during the third quarter. PFG Investments LLC now owns 12,806 shares of the company’s stock valued at $647,000 after acquiring an additional 4,806 shares in the last quarter. Integrated Advisors Network LLC increased its position in shares of Grayscale Bitcoin Trust by 3.0% during the third quarter. Integrated Advisors Network LLC now owns 27,721 shares of the company’s stock valued at $1,400,000 after acquiring an additional 800 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust during the third quarter valued at approximately $147,000.

Grayscale Bitcoin Trust Stock Down 3.8 %

Shares of GBTC opened at $75.06 on Monday. The company has a market capitalization of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51. The firm has a 50 day moving average of $78.14 and a 200 day moving average of $64.59. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11.

Grayscale Bitcoin Trust Company 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.