Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC reduced its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 48.8% during the 4th quarter, Holdings Channel reports. The fund owned 723 shares of the company’s stock after selling 688 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Grayscale Bitcoin Trust were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. West Oak Capital LLC grew its stake in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares in the last quarter. Hollencrest Capital Management lifted its holdings in Grayscale Bitcoin Trust by 88.9% in the second quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the period. ORG Wealth Partners LLC bought a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at about $46,000. Future Financial Wealth Managment LLC acquired a new position in Grayscale Bitcoin Trust during the 3rd quarter valued at about $50,000. Finally, Icon Wealth Advisors LLC acquired a new position in Grayscale Bitcoin Trust during the 3rd quarter valued at about $53,000.

Grayscale Bitcoin Trust Trading Up 2.5 %

Shares of NYSEARCA:GBTC opened at $78.41 on Wednesday. The company has a 50 day moving average of $75.39 and a 200-day moving average of $59.57. The firm has a market cap of $40.04 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $34.31 and a twelve month high of $86.11.

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.