14,000 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Mountain Lake Investment Management LLC

Mountain Lake Investment Management LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,000 shares of the company’s stock, valued at approximately $745,000. iShares Bitcoin Trust comprises about 0.9% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its 20th biggest position.

Other institutional investors also recently modified their holdings of the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. boosted its position in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC boosted its position in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Crewe Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after purchasing an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $28,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $55.33 on Friday. The company’s 50-day moving average is $56.25 and its 200-day moving average is $45.46. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

iShares Bitcoin Trust Profile

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.