Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Purchased by West Oak Capital LLC

West Oak Capital LLC raised its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 100.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 640 shares of the company’s stock after acquiring an additional 320 shares during the period. West Oak Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $32,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $117,350,000. Farallon Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $85,221,000. LPL Financial LLC raised its position in shares of Grayscale Bitcoin Trust by 7.1% during the 2nd quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock valued at $54,887,000 after buying an additional 68,698 shares during the period. Sloy Dahl & Holst LLC acquired a new position in Grayscale Bitcoin Trust in the first quarter valued at approximately $32,959,000. Finally, Bracebridge Capital LLC purchased a new position in Grayscale Bitcoin Trust in the first quarter worth approximately $26,526,000.

Grayscale Bitcoin Trust Stock Up 2.7 %

GBTC stock opened at $54.60 on Friday. Grayscale Bitcoin Trust has a 52-week low of $22.01 and a 52-week high of $65.61. The business has a fifty day moving average of $48.70 and a two-hundred day moving average of $53.90. The stock has a market cap of $27.88 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.