Trilogy Capital Inc. Invests $272,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Trilogy Capital Inc. acquired a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,300 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors have also recently made changes to their positions in the business. Cornerstone Wealth Group LLC bought a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $276,000. Annapolis Financial Services LLC bought a new stake in Grayscale Bitcoin Trust during the 1st quarter worth approximately $149,000. Atticus Wealth Management LLC bought a new stake in Grayscale Bitcoin Trust during the 1st quarter worth approximately $33,000. CRA Financial Services LLC bought a new stake in Grayscale Bitcoin Trust during the 1st quarter worth approximately $2,053,000. Finally, Kathleen S. Wright Associates Inc. raised its stake in Grayscale Bitcoin Trust by 73.5% during the 1st quarter. Kathleen S. Wright Associates Inc. now owns 2,702 shares of the company’s stock worth $162,000 after acquiring an additional 1,145 shares during the period.

Grayscale Bitcoin Trust Trading Down 2.3 %

NYSEARCA GBTC traded down $1.28 on Friday, reaching $53.24. 3,860,291 shares of the stock were exchanged, compared to its average volume of 12,870,373. Grayscale Bitcoin Trust has a one year low of $17.00 and a one year high of $65.61. The firm has a market capitalization of $27.19 billion, a PE ratio of 2.29 and a beta of 1.25. The company’s 50-day simple moving average is $58.01 and its two-hundred day simple moving average is $51.41.

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.