Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Acquired by Nwam LLC

Nwam LLC grew its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,931 shares of the company’s stock after buying an additional 441 shares during the period. Nwam LLC’s holdings in Grayscale Bitcoin Trust were worth $1,771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rothschild Investment LLC raised its position in Grayscale Bitcoin Trust by 0.9% in the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after purchasing an additional 130 shares during the last quarter. Activest Wealth Management raised its position in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares during the last quarter. Mutual Advisors LLC raised its position in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in Grayscale Bitcoin Trust by 1.0% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after purchasing an additional 165 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

GBTC stock opened at $65.95 on Friday. The company has a fifty day moving average price of $77.18 and a 200 day moving average price of $64.95. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The company has a market cap of $16.67 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.