Financial Management Professionals Inc. Invests $199,000 in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Financial Management Professionals Inc. acquired a new stake in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 35,379 shares of the company’s stock, valued at approximately $199,000. Financial Management Professionals Inc. owned 10.89% of Grayscale Bitcoin Mini Trust at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BTC. Sound Income Strategies LLC purchased a new stake in Grayscale Bitcoin Mini Trust during the third quarter worth about $25,000. ZRC Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust in the third quarter valued at approximately $36,000. VitalStone Financial LLC purchased a new stake in Grayscale Bitcoin Mini Trust during the 3rd quarter worth approximately $57,000. Leo Wealth LLC acquired a new stake in Grayscale Bitcoin Mini Trust during the 3rd quarter worth approximately $59,000. Finally, Good Life Advisors LLC purchased a new position in Grayscale Bitcoin Mini Trust in the 3rd quarter valued at approximately $60,000.

Grayscale Bitcoin Mini Trust Stock Performance

NYSEARCA:BTC opened at $5.92 on Friday. Grayscale Bitcoin Mini Trust has a 52 week low of $4.40 and a 52 week high of $6.13. The company has a fifty day simple moving average of $5.49 and a two-hundred day simple moving average of $53.72.