Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. lessened its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,855 shares of the company’s stock after selling 8,813 shares during the period. Grimes & Company Inc.’s holdings in Grayscale Bitcoin Trust were worth $2,062,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors purchased a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $245,000. SJS Investment Consulting Inc. boosted its position in shares of Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock worth $4,261,000 after buying an additional 30,112 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Grayscale Bitcoin Trust by 2.3% in 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 during the period. ORG Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the third quarter worth about $46,000. Finally, Intellectus Partners LLC boosted its position in shares of Grayscale Bitcoin Trust by 4.1% in the third quarter. Intellectus Partners LLC now owns 79,934 shares of the company’s stock worth $4,037,000 after buying an additional 3,165 shares during the period.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $83.17 on Friday. The company has a market capitalization of $42.48 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1-year low of $35.24 and a 1-year high of $86.11. The business has a 50-day moving average of $77.79 and a 200-day moving average of $61.16.

About Grayscale Bitcoin Trust

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.