Beacon Harbor Wealth Advisors Inc. Invests $11.37 Million in Grayscale Bitcoin Mini Trust ETF $BTC

Beacon Harbor Wealth Advisors Inc. acquired a new position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 238,189 shares of the company’s stock, valued at approximately $11,374,000. Grayscale Bitcoin Mini Trust ETF comprises about 2.8% of Beacon Harbor Wealth Advisors Inc.’s portfolio, making the stock its 6th largest holding. Beacon Harbor Wealth Advisors Inc. owned approximately 0.23% of Grayscale Bitcoin Mini Trust ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its position in Grayscale Bitcoin Mini Trust ETF by 133.4% during the first quarter. Millennium Management LLC now owns 1,794,858 shares of the company’s stock valued at $65,494,000 after purchasing an additional 1,025,947 shares in the last quarter. Ovata Capital Management Ltd purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF during the 2nd quarter valued at about $27,107,000. DRW Securities LLC bought a new stake in Grayscale Bitcoin Mini Trust ETF in the 1st quarter worth approximately $4,617,000. Pasadena Private Wealth LLC lifted its position in Grayscale Bitcoin Mini Trust ETF by 113.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 167,227 shares of the company’s stock worth $7,985,000 after buying an additional 89,029 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Mini Trust ETF in the first quarter worth approximately $2,899,000. Institutional investors own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Price Performance

BTC stock opened at $41.72 on Friday. Grayscale Bitcoin Mini Trust ETF has a one year low of $33.53 and a one year high of $55.96. The company’s 50 day moving average price is $49.44 and its two-hundred day moving average price is $48.87.

Grayscale Bitcoin Mini Trust ETF Profile

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin.