Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC reduced its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 40.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 643,635 shares of the company’s stock after selling 433,185 shares during the quarter. Grayscale Bitcoin Trust accounts for approximately 3.1% of Greenwich Wealth Management LLC’s holdings, making the stock its 6th biggest position. Greenwich Wealth Management LLC owned 0.13% of Grayscale Bitcoin Trust worth $44,188,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Synergy Investment Management LLC acquired a new position in Grayscale Bitcoin Trust during the 4th quarter valued at $30,000. Activest Wealth Management raised its stake 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 valued at $30,000 after buying an additional 140 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $36,000. Finally, Bear Mountain Capital Inc. raised its stake in shares of Grayscale Bitcoin Trust by 162.5% in the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after buying an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock opened at $66.95 on Friday. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. The firm has a fifty day moving average of $75.23 and a 200-day moving average of $66.52.

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.