Requisite Capital Management LLC Cuts Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Requisite Capital Management LLC reduced its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 24.2% during the fourth quarter, Holdings Channel reports. The fund owned 80,139 shares of the company’s stock after selling 25,577 shares during the period. iShares Bitcoin Trust comprises about 0.9% of Requisite Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Requisite Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $4,251,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. IMC Chicago LLC bought a new position in shares of iShares Bitcoin Trust during the third quarter valued at about $323,337,000. Murchinson Ltd. boosted its holdings in iShares Bitcoin Trust by 87.1% during the 2nd quarter. Murchinson Ltd. now owns 1,642,535 shares of the company’s stock valued at $56,076,000 after acquiring an additional 764,575 shares during the period. Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust during the 3rd quarter worth approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in iShares Bitcoin Trust in the 3rd quarter worth approximately $19,149,000. Finally, LMR Partners LLP lifted its position in iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after purchasing an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $59.70 on Friday. The firm has a fifty day simple moving average of $55.77 and a two-hundred day simple moving average of $43.38. iShares Bitcoin Trust has a twelve month low of $22.58 and a twelve month high of $61.75.

About iShares Bitcoin Trust

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.