Miller Financial Services LLC Acquires Shares of 3,464 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Miller Financial Services LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,464 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC grew its position in shares of Grayscale Bitcoin Trust by 4,462.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after purchasing an additional 1,305 shares during the period. Strategic Financial Concepts LLC acquired a new position in Grayscale Bitcoin Trust in the 4th quarter valued at $19,360,000. Foundations Investment Advisors LLC increased its position in Grayscale Bitcoin Trust by 25.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock worth $10,647,000 after buying an additional 29,389 shares during the period. Finally, SLT Holdings LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth $10,203,000.

Grayscale Bitcoin Trust Stock Performance

Shares of Grayscale Bitcoin Trust stock opened at $62.43 on Tuesday. The firm has a 50-day moving average of $76.06 and a 200-day moving average of $66.21. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The stock has a market cap of $15.45 billion, a PE ratio of 2.23 and a beta of 2.59.

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.