Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.1% in the fourth quarter, HoldingsChannel reports. The fund owned 20,431 shares of the company’s stock after purchasing an additional 611 shares during the period. Soltis Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Greenwich Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 99.9% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after buying an additional 538,256 shares during the period. Mad River Investors raised its stake in shares of Grayscale Bitcoin Trust by 26.7% during the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after buying an additional 82,187 shares during the period. Moors & Cabot Inc. raised its stake in shares of Grayscale Bitcoin Trust by 0.4% during the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after buying an additional 1,305 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth approximately $19,360,000. Finally, International Assets Investment Management LLC raised its stake in shares of 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 buying an additional 189,585 shares during the period.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $77.09 on Tuesday. The company has a market cap of $39.37 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The stock has a 50 day simple moving average of $78.55 and a 200-day simple moving average of $62.84. 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.