Aristides Capital LLC Buys 17,800 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Aristides Capital LLC grew its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,931 shares of the company’s stock after purchasing an additional 17,800 shares during the period. Grayscale Bitcoin Trust makes up about 2.5% of Aristides Capital LLC’s holdings, making the stock its 3rd largest holding. Aristides Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $12,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. increased 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 worth $30,000 after acquiring an additional 310 shares during the last quarter. Activest Wealth Management increased its position in Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the last quarter. Synergy Investment Management LLC purchased a new position in Grayscale Bitcoin Trust during the fourth quarter worth about $30,000. Cullen Frost Bankers Inc. acquired a new position in Grayscale Bitcoin Trust in the 4th quarter valued at about $36,000. Finally, Bear Mountain Capital Inc. boosted its holdings in 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 purchasing an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $66.32 on Friday. The company has a market capitalization of $16.26 billion, a P/E ratio of 2.23 and a beta of 2.59. The company has a 50 day simple moving average of $71.60 and a 200-day simple moving average of $68.72. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11.

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.