Mayfair Advisory Group LLC Invests $239,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Mayfair Advisory Group LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, Holdings Channel reports. The fund acquired 3,225 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Greenwich Wealth Management LLC grew its stake in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after acquiring an additional 538,256 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at $14,810,000. International Assets Investment Management LLC increased its stake in Grayscale Bitcoin Trust by 4,950.0% in the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after purchasing an additional 189,585 shares during the last quarter. Atlas Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust during the third quarter worth about $7,774,000. Finally, Virtu Financial LLC boosted its stake in Grayscale Bitcoin Trust by 158.8% in the 2nd quarter. Virtu Financial LLC now owns 137,123 shares of the company’s stock worth $7,300,000 after buying an additional 84,134 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $76.47 on Wednesday. Grayscale Bitcoin Trust has a 12 month low of $34.31 and a 12 month high of $86.11. The business has a 50-day moving average of $75.39 and a two-hundred day moving average of $59.57. The stock has a market capitalization of $39.05 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.