Lifeworks Advisors LLC Acquires 932 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Lifeworks Advisors LLC raised its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 20.9% in the third quarter, Holdings Channel reports. The firm owned 5,381 shares of the company’s stock after purchasing an additional 932 shares during the period. Lifeworks Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Cornerstone Wealth Management LLC grew its stake in Grayscale Bitcoin Trust by 6.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $207,000 after purchasing an additional 257 shares during the period. Sound Income Strategies LLC lifted its position in shares of Grayscale Bitcoin Trust by 6.3% during the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock valued at $235,000 after buying an additional 276 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Grayscale Bitcoin Trust by 1.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 27,453 shares of the company’s stock valued at $1,462,000 after buying an additional 300 shares during the last quarter. West Oak Capital LLC lifted its position in shares of Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after buying an additional 320 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of Grayscale Bitcoin Trust by 5.2% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,842 shares of the company’s stock valued at $346,000 after buying an additional 340 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $69.50 on Friday. Grayscale Bitcoin Trust has a one year low of $28.00 and a one year high of $74.36. The business’s fifty day moving average price is $52.56 and its 200-day moving average price is $53.81. The stock has a market capitalization of $35.49 billion, a PE ratio of 2.29 and a beta of 1.25.

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.