Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Bought by West Oak Capital LLC

West Oak Capital LLC grew its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 100.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 640 shares of the company’s stock after acquiring an additional 320 shares during the quarter. West Oak Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $32,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth $27,000. Toth Financial Advisory Corp acquired a new stake in Grayscale Bitcoin Trust in the first quarter valued at $28,000. Hollencrest Capital Management purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter worth $28,000. DHJJ Financial Advisors Ltd. acquired a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter worth $26,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter valued at about $27,000.

Grayscale Bitcoin Trust Trading Up 2.7 %

Shares of GBTC opened at $54.60 on Friday. The firm’s 50-day moving average is $48.70 and its two-hundred day moving average is $53.90. Grayscale Bitcoin Trust has a twelve month low of $22.01 and a twelve month high of $65.61. The firm has a market capitalization of $27.88 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.