Maridea Wealth Management LLC Invests $1.45 Million in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Maridea Wealth Management LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,564 shares of the company’s stock, valued at approximately $1,448,000.

A number of other institutional investors have also recently modified their holdings of the business. Armstrong Advisory Group Inc. grew its position in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares during the period. Activest Wealth Management grew its holdings in shares of Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after acquiring an additional 140 shares during the period. Synergy Investment Management LLC purchased a new position in Grayscale Bitcoin Trust in the 4th quarter valued at approximately $30,000. Cullen Frost Bankers Inc. acquired a new position in Grayscale Bitcoin Trust during the fourth quarter worth $36,000. Finally, Bear Mountain Capital Inc. boosted its position in Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after purchasing an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Stock Down 3.8 %

Shares of GBTC stock opened at $66.18 on Friday. The stock has a market cap of $16.22 billion, a P/E ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The business has a fifty day simple moving average of $73.26 and a 200-day simple moving average of $67.88.

About Grayscale Bitcoin Trust

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.