Indie Asset Partners LLC Grows Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Indie Asset Partners LLC lifted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 65.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,190 shares of the company’s stock after purchasing an additional 12,696 shares during the period. Grayscale Bitcoin Trust accounts for 1.9% of Indie Asset Partners LLC’s portfolio, making the stock its 6th largest position. Indie Asset Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $2,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Greenwich Wealth Management LLC raised its position 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 worth $54,379,000 after acquiring an additional 538,256 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter worth about $19,360,000. International Assets Investment Management LLC raised its holdings in Grayscale Bitcoin Trust by 4,950.0% during 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 during the last quarter. Citrine Capital LLC acquired a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $7,721,000. Finally, Larson Financial Group LLC boosted its stake in shares of Grayscale Bitcoin Trust by 204.3% in the 3rd quarter. Larson Financial Group LLC now owns 102,433 shares of the company’s stock valued at $5,173,000 after purchasing an additional 68,768 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $75.06 on Friday. The firm has a 50 day simple moving average of $78.25 and a 200 day simple moving average of $64.09. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.

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.