Illumine Investment Management LLC Invests $2.25 Million in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Illumine Investment Management LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 30,372 shares of the company’s stock, valued at approximately $2,248,000. Grayscale Bitcoin Trust makes up 1.9% of Illumine Investment Management LLC’s portfolio, making the stock its 18th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Integrated Advisors Network LLC raised its stake in shares of Grayscale Bitcoin Trust by 3.0% during the third quarter. Integrated Advisors Network LLC now owns 27,721 shares of the company’s stock valued at $1,400,000 after acquiring an additional 800 shares during the last quarter. SteelPeak Wealth LLC raised its stake in shares of Grayscale Bitcoin Trust by 30.9% during the third quarter. SteelPeak Wealth LLC now owns 5,140 shares of the company’s stock valued at $260,000 after acquiring an additional 1,213 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Grayscale Bitcoin Trust by 193.8% during the third quarter. Farther Finance Advisors LLC now owns 3,664 shares of the company’s stock valued at $185,000 after acquiring an additional 2,417 shares during the last quarter. Greenwich Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after acquiring an additional 538,256 shares during the last quarter. Finally, Blue Square Asset Management LLC raised its stake in Grayscale Bitcoin Trust by 16.2% in the third quarter. Blue Square Asset Management LLC now owns 107,323 shares of the company’s stock worth $5,420,000 after buying an additional 14,989 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

GBTC stock opened at $65.95 on Friday. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The company has a market cap of $16.67 billion, a P/E ratio of 2.23 and a beta of 2.51. The firm has a 50-day moving average of $77.18 and a 200 day moving average of $64.95.

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.