iShares Bitcoin Trust (NASDAQ:IBIT) Stock Holdings Lifted by Synergy Asset Management LLC

Synergy Asset Management LLC lifted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 105.6% in the 2nd quarter, Holdings Channel reports. The fund owned 107,139 shares of the company’s stock after buying an additional 55,031 shares during the period. Synergy Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $3,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bracebridge Capital LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $100,639,000. Titan Global Capital Management USA LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at approximately $65,558,000. Murchinson Ltd. purchased a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $35,531,000. Hunting Hill Global Capital LLC acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter valued at $25,614,000. Finally, Monolith Management Ltd purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at $24,416,000.

iShares Bitcoin Trust Trading Up 0.2 %

Shares of NASDAQ IBIT traded up $0.07 during mid-day trading on Friday, reaching $31.92. The company had a trading volume of 1,741,616 shares, compared to its average volume of 30,732,115. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99. The stock’s 50 day moving average is $34.72 and its 200-day moving average is $36.30.

About iShares Bitcoin Trust

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.