Gallacher Capital Management LLC Sells 405 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Gallacher Capital Management LLC reduced its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,531 shares of the company’s stock after selling 405 shares during the period. Grayscale Bitcoin Trust makes up 1.5% of Gallacher Capital Management LLC’s portfolio, making the stock its 11th biggest position. Gallacher Capital Management LLC’s holdings in Grayscale Bitcoin Trust were worth $3,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GBTC. Patten & Patten Inc. TN purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter valued at about $273,000. Tidemark LLC lifted its stake in shares of Grayscale Bitcoin Trust by 65.5% in the fourth quarter. Tidemark LLC now owns 1,893 shares of the company’s stock worth $140,000 after buying an additional 749 shares in the last quarter. Carret Asset Management LLC grew its holdings in shares of Grayscale Bitcoin Trust by 3.0% during the fourth quarter. Carret Asset Management LLC now owns 6,634 shares of the company’s stock valued at $491,000 after buying an additional 196 shares during the last quarter. Madison Wealth Partners Inc purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $251,000. Finally, CFO4Life Group LLC bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $221,000.

Grayscale Bitcoin Trust Trading Up 5.6 %

GBTC stock opened at $66.95 on Friday. The stock’s 50 day simple moving average is $75.23 and its 200 day simple moving average is $66.52. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The stock has a market capitalization of $16.56 billion, a PE ratio of 2.23 and a beta of 2.59.

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.