Centerpoint Advisors LLC Purchases New Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Centerpoint Advisors LLC acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,000 shares of the company’s stock, valued at approximately $63,000.

A number of other large investors have also modified their holdings of GBTC. Winch Advisory Services LLC purchased a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $66,000. Next Capital Management LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth approximately $670,000. Equitable Trust Co. acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at $203,000. Canton Hathaway LLC acquired a new position in Grayscale Bitcoin Trust during the fourth quarter worth $942,000. Finally, SVB Wealth LLC purchased a new position in Grayscale Bitcoin Trust during the fourth quarter valued at $770,000.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock traded down $0.05 on Monday, reaching $50.10. 6,810,427 shares of the company were exchanged, compared to its average volume of 12,548,698. Grayscale Bitcoin Trust has a 1 year low of $17.00 and a 1 year high of $65.61. The business has a 50-day moving average price of $57.59 and a 200 day moving average price of $51.91. The company has a market cap of $25.58 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.