SJS Investment Consulting Inc. Purchases 30,112 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

SJS Investment Consulting Inc. grew its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 109.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 57,565 shares of the company’s stock after acquiring an additional 30,112 shares during the period. Grayscale Bitcoin Trust accounts for approximately 0.7% of SJS Investment Consulting Inc.’s holdings, making the stock its 16th largest holding. SJS Investment Consulting Inc.’s holdings in Grayscale Bitcoin Trust were worth $4,261,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. boosted its stake in Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after acquiring an additional 320 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at $50,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter valued at $53,000.

Grayscale Bitcoin Trust Stock Up 1.6 %

Shares of NYSEARCA:GBTC opened at $83.17 on Friday. The company’s fifty day moving average is $77.79 and its 200 day moving average is $61.09. Grayscale Bitcoin Trust has a 52 week low of $35.24 and a 52 week high of $86.11. The stock has a market cap of $42.48 billion, a PE ratio of 2.29 and a beta of 1.25.

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.