Discovery Capital Management LLC CT bought a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 107,400 shares of the company’s stock, valued at approximately $7,950,000.
Several other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its stake in Grayscale Bitcoin Trust by 4,462.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after acquiring an additional 2,057,850 shares during the period. Strategic Financial Concepts LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth about $19,360,000. SLT Holdings LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $10,203,000. Citrine Capital LLC purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at about $7,721,000. Finally, Variant Private Wealth LLC purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at about $7,113,000.
Grayscale Bitcoin Trust Price Performance
Shares of GBTC opened at $65.17 on Tuesday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The company has a 50-day simple moving average of $72.90 and a two-hundred day simple moving average of $68.32. The firm has a market capitalization of $15.97 billion, a PE ratio of 2.23 and a beta of 2.59.
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.
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