WorthPointe LLC Acquires New Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

WorthPointe LLC bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,722 shares of the company’s stock, valued at approximately $276,000.

A number of other institutional investors have also modified their holdings of the stock. Synergy Investment Management LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter worth $30,000. Activest Wealth Management grew its position 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 in the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at about $36,000. Finally, Bear Mountain Capital Inc. lifted its stake in Grayscale Bitcoin Trust by 162.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after acquiring an additional 325 shares during the period.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock opened at $69.77 on Tuesday. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. The firm’s 50-day moving average is $74.15 and its two-hundred day moving average is $67.53.

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.