Sapient Capital LLC Reduces Stock Position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Sapient Capital LLC lessened its stake in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.5% in the fourth quarter, HoldingsChannel reports. The firm owned 10,277 shares of the company’s stock after selling 42,387 shares during the quarter. Sapient Capital LLC’s holdings in Grayscale Bitcoin Mini Trust were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new stake in Grayscale Bitcoin Mini Trust during the 4th quarter worth about $62,000. Golden State Wealth Management LLC acquired a new stake in Grayscale Bitcoin Mini Trust in the 4th quarter worth about $27,000. Strategic Financial Concepts LLC acquired a new stake in Grayscale Bitcoin Mini Trust in the 4th quarter worth about $1,044,000. Consolidated Portfolio Review Corp boosted its stake in Grayscale Bitcoin Mini Trust by 94.7% in the 4th quarter. Consolidated Portfolio Review Corp now owns 35,254 shares of the company’s stock worth $1,476,000 after buying an additional 17,143 shares during the last quarter. Finally, Citrine Capital LLC acquired a new stake in Grayscale Bitcoin Mini Trust in the 4th quarter worth about $835,000.

Grayscale Bitcoin Mini Trust Price Performance

Shares of NYSEARCA:BTC opened at $42.23 on Wednesday. The stock’s 50-day moving average price is $43.94 and its two-hundred day moving average price is $41.33. Grayscale Bitcoin Mini Trust has a 12-month low of $22.00 and a 12-month high of $48.07.