Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. decreased its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 23.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,931 shares of the company’s stock after selling 3,867 shares during the period. Beam Wealth Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $957,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of GBTC. Proficio Capital Partners LLC boosted its stake in Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after purchasing an additional 2,057,850 shares during the period. Strategic Financial Concepts LLC acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter worth $19,360,000. Citrine Capital LLC acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter worth $7,721,000. Variant Private Wealth LLC acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter worth $7,113,000. Finally, Haven Private LLC acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter worth $5,434,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA:GBTC opened at $70.44 on Friday. The stock has a market cap of $17.80 billion, a P/E ratio of 2.23 and a beta of 2.51. The firm has a fifty day moving average price of $76.43 and a 200 day moving average price of $65.71. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year 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.