Sprott Inc. Increases Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sprott Inc. boosted its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 83.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,326 shares of the company’s stock after purchasing an additional 16,040 shares during the period. Sprott Inc.’s holdings in Grayscale Bitcoin Trust were worth $2,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GBTC. Activest Wealth Management raised its stake in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after buying an additional 140 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. Bear Mountain Capital Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 162.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after purchasing an additional 325 shares in the last quarter. Financial Life Planners purchased a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at about $61,000. Finally, West Oak Capital LLC grew its position in shares of Grayscale Bitcoin Trust by 53.1% in the fourth quarter. West Oak Capital LLC now owns 980 shares of the company’s stock valued at $73,000 after purchasing an additional 340 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC opened at $69.62 on Wednesday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The firm has a 50 day simple moving average of $77.95 and a 200-day simple moving average of $64.78. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.

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.