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

Pekin Hardy Strauss Inc. trimmed its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,457 shares of the company’s stock after selling 12,825 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Grayscale Bitcoin Trust were worth $4,105,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Greenwich Wealth Management LLC raised its stake in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after purchasing an additional 538,256 shares during the last quarter. Moors & Cabot Inc. grew its holdings in Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after buying an additional 1,305 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at $19,360,000. International Assets Investment Management LLC grew its holdings in Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after buying an additional 189,585 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in Grayscale Bitcoin Trust by 25.7% in the 4th quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock valued at $10,647,000 after buying an additional 29,389 shares in the last quarter.

Grayscale Bitcoin Trust Stock Down 3.8 %

Shares of NYSEARCA:GBTC opened at $75.06 on Friday. The business has a fifty day moving average of $78.14 and a two-hundred day moving average of $64.31. The stock has a market cap of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11.

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.