Destiny Wealth Partners LLC Increases Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Destiny Wealth Partners LLC boosted its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,982 shares of the company’s stock after acquiring an additional 626 shares during the period. Destiny Wealth Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $443,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GBTC. Greenwich Wealth Management LLC grew its stake in Grayscale Bitcoin Trust by 99.9% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after acquiring an additional 538,256 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after buying an additional 189,585 shares during the period. Atlas Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $7,774,000. Mad River Investors grew its stake in shares of Grayscale Bitcoin Trust by 26.7% in the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after buying an additional 82,187 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Grayscale Bitcoin Trust by 204.3% in the 3rd quarter. Larson Financial Group LLC now owns 102,433 shares of the company’s stock valued at $5,173,000 after buying an additional 68,768 shares during the period.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $80.41 on Friday. The firm has a 50 day simple moving average of $78.32 and a 200-day simple moving average of $61.94. Grayscale Bitcoin Trust has a 1-year low of $37.73 and a 1-year high of $86.11. The stock has a market cap of $41.07 billion, a price-to-earnings 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.