Highline Wealth Partners LLC Purchases Shares of 2,914 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Highline Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,914 shares of the company’s stock, valued at approximately $147,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Jane Street Group LLC purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $117,350,000. Farallon Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $85,221,000. LPL Financial LLC lifted its stake in shares of Grayscale Bitcoin Trust by 7.1% in the 2nd quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock valued at $54,887,000 after purchasing an additional 68,698 shares during the period. Bracebridge Capital LLC purchased a new stake in Grayscale Bitcoin Trust during the first quarter worth $26,526,000. Finally, Mad River Investors acquired a new stake in Grayscale Bitcoin Trust during the first quarter valued at $25,251,000.

Grayscale Bitcoin Trust Stock Performance

GBTC opened at $57.07 on Wednesday. The company has a fifty day moving average of $49.71 and a two-hundred day moving average of $53.48. Grayscale Bitcoin Trust has a fifty-two week low of $26.13 and a fifty-two week high of $65.61. The stock has a market capitalization of $29.15 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.