TigerOak Management L.L.C. Buys New Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

TigerOak Management L.L.C. bought a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,723 shares of the company’s stock, valued at approximately $2,718,000. Grayscale Bitcoin Trust makes up approximately 1.0% of TigerOak Management L.L.C.’s holdings, making the stock its 19th biggest position.

A number of other large investors also recently modified their holdings of the company. Greenwich Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter worth $19,360,000. International Assets Investment Management LLC lifted its stake in Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after purchasing an additional 189,585 shares in the last quarter. Atlas Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Trust in the 3rd quarter worth $7,774,000. Finally, Citrine Capital LLC purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter worth $7,721,000.

Grayscale Bitcoin Trust Trading Up 1.0 %

Shares of NYSEARCA GBTC opened at $77.01 on Friday. The firm’s 50-day moving average price is $78.40 and its 200-day moving average price is $63.46. The stock has a market capitalization of $39.33 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

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.