Brave Asset Management Inc. Acquires New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Brave Asset Management Inc. bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,173 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently bought and sold shares of GBTC. Bleakley Financial Group LLC grew its holdings in shares of Grayscale Bitcoin Trust by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock worth $3,050,000 after buying an additional 1,349 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Grayscale Bitcoin Trust during the 3rd quarter worth approximately $46,000. Intellectus Partners LLC grew its stake in shares of Grayscale Bitcoin Trust by 4.1% during the 3rd quarter. Intellectus Partners LLC now owns 79,934 shares of the company’s stock worth $4,037,000 after acquiring an additional 3,165 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Grayscale Bitcoin Trust by 6.3% in the third quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock valued at $235,000 after purchasing an additional 276 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Grayscale Bitcoin Trust by 25.6% in the third quarter. Cerity Partners LLC now owns 44,913 shares of the company’s stock worth $2,268,000 after purchasing an additional 9,152 shares in the last quarter.

Grayscale Bitcoin Trust Trading Up 3.3 %

Grayscale Bitcoin Trust stock opened at $78.97 on Thursday. Grayscale Bitcoin Trust has a 1-year low of $34.31 and a 1-year high of $86.11. The company has a fifty day simple moving average of $75.76 and a 200 day simple moving average of $59.71. The company has a market cap of $40.33 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.