Prosperity Financial Group Inc. Acquires Shares of 43,501 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Prosperity Financial Group Inc. acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,501 shares of the company’s stock, valued at approximately $3,220,000. Grayscale Bitcoin Trust comprises approximately 1.6% of Prosperity Financial Group Inc.’s holdings, making the stock its 16th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBTC. Proficio Capital Partners LLC boosted its position in Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after buying an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $19,360,000. SLT Holdings LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $10,203,000. Citrine Capital LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $7,721,000. Finally, Variant Private Wealth LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $7,113,000.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock opened at $65.70 on Wednesday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The company’s 50-day simple moving average is $75.89 and its 200-day simple moving average is $66.31. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.