Citrine Capital LLC Invests $7.72 Million in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Citrine Capital LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 104,309 shares of the company’s stock, valued at approximately $7,721,000. Grayscale Bitcoin Trust makes up approximately 5.7% of Citrine Capital LLC’s investment portfolio, making the stock its 6th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its holdings in Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after acquiring an additional 310 shares in the last quarter. West Oak Capital LLC raised its holdings in Grayscale Bitcoin Trust by 100.0% in 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 in the last quarter. ORG Wealth Partners LLC acquired a new stake in Grayscale Bitcoin Trust in the third quarter valued at $46,000. Future Financial Wealth Managment LLC acquired a new stake in Grayscale Bitcoin Trust in the third quarter valued at $50,000. Finally, Icon Wealth Advisors LLC acquired a new stake in Grayscale Bitcoin Trust in the third quarter valued at $53,000.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $76.78 on Friday. The stock has a market capitalization of $39.21 billion, a PE ratio of 2.29 and a beta of 1.25. The firm’s fifty day moving average price is $78.58 and its 200 day moving average price is $62.57. Grayscale Bitcoin Trust has a 12-month low of $38.29 and a 12-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.