Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC lowered its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,580 shares of the company’s stock after selling 650 shares during the quarter. Priebe Wealth Holdings LLC’s holdings in Grayscale Bitcoin Trust were worth $413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenwich Wealth Management LLC boosted its stake in Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after buying an additional 538,256 shares in the last quarter. Mad River Investors lifted its holdings in Grayscale Bitcoin Trust by 26.7% in the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after acquiring an additional 82,187 shares during the last quarter. Moors & Cabot Inc. boosted its position 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 valued at $18,633,000 after purchasing an additional 1,305 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter worth approximately $14,810,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after purchasing an additional 189,585 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

GBTC stock opened at $83.05 on Tuesday. The firm has a market cap of $42.41 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $34.31 and a 12 month high of $86.11. The firm has a 50 day simple moving average of $76.85 and a 200 day simple moving average of $60.32.

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.