Csenge Advisory Group Trims Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Csenge Advisory Group reduced its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,868 shares of the company’s stock after selling 405 shares during the period. Csenge Advisory Group’s holdings in Grayscale Bitcoin Trust were worth $434,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Greenwich Wealth Management LLC increased its stake in shares of Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after purchasing an additional 538,256 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $19,360,000. International Assets Investment Management LLC grew its stake in shares of 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 buying an additional 189,585 shares during the last quarter. Citrine Capital LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter valued at approximately $7,721,000. Finally, Mad River Investors raised its stake in Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after buying an additional 82,187 shares during the last quarter.

Grayscale Bitcoin Trust Trading Down 3.3 %

Grayscale Bitcoin Trust stock opened at $74.48 on Wednesday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51. The business’s fifty day simple moving average is $78.41 and its two-hundred day simple moving average is $63.73.

Grayscale Bitcoin Trust 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.