Sapient Capital LLC Has $1.83 Million Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sapient Capital LLC trimmed its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.9% in the fourth quarter, Holdings Channel reports. The fund owned 24,738 shares of the company’s stock after selling 2,415 shares during the period. Sapient Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $1,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new position in Grayscale Bitcoin Trust in the fourth quarter valued at about $245,000. Avior Wealth Management LLC grew its stake in Grayscale Bitcoin Trust by 225.5% in the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock valued at $120,000 after acquiring an additional 1,123 shares during the period. SJS Investment Consulting Inc. grew its stake in Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after acquiring an additional 30,112 shares during the period. Bleakley Financial Group LLC grew its stake in Grayscale Bitcoin Trust by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after acquiring an additional 1,349 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in Grayscale Bitcoin Trust in the third quarter valued at about $46,000.

Grayscale Bitcoin Trust Price Performance

GBTC stock opened at $75.40 on Wednesday. The stock has a market capitalization of $38.51 billion, a P/E ratio of 2.29 and a beta of 1.25. The business has a 50-day moving average of $78.57 and a 200-day moving average of $62.97. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11.

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.