Purkiss Capital Advisors LLC Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Purkiss Capital Advisors LLC acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,958 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Quarterback LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth approximately $215,000. Arkadios Wealth Advisors acquired a new position in Grayscale Bitcoin Trust during the fourth quarter worth $245,000. RFG Advisory LLC acquired a new position in Grayscale Bitcoin Trust during the fourth quarter worth $262,000. Avior Wealth Management LLC boosted its position in Grayscale Bitcoin Trust by 225.5% during the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after purchasing an additional 1,123 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after purchasing an additional 30,112 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 1.0 %

Shares of GBTC stock opened at $66.61 on Friday. The stock has a market cap of $16.84 billion, a P/E ratio of 2.23 and a beta of 2.51. 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 $76.98 and a 200-day simple moving average of $65.20.

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.