Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Bought by Red Door Wealth Management LLC

Red Door Wealth Management LLC lifted its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,841 shares of the company’s stock after purchasing an additional 1,411 shares during the quarter. Grayscale Bitcoin Trust comprises about 1.1% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. Red Door Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $7,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Greenwich Wealth Management LLC raised its position in Grayscale Bitcoin Trust by 99.9% in the third 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 in the last quarter. Mad River Investors lifted its stake in Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after purchasing an additional 82,187 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Grayscale Bitcoin Trust by 0.4% during the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after buying an additional 1,305 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in Grayscale Bitcoin Trust in the second quarter worth approximately $14,810,000. Finally, International Assets Investment Management LLC increased its holdings in shares of 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 buying an additional 189,585 shares in the last quarter.

Grayscale Bitcoin Trust Stock Down 1.0 %

GBTC opened at $81.90 on Friday. The firm has a market cap of $41.83 billion, a PE ratio of 2.29 and a beta of 1.25. The business has a fifty day simple moving average of $77.33 and a 200-day simple moving average of $60.71. Grayscale Bitcoin Trust has a fifty-two week low of $35.22 and a fifty-two week high of $86.11.

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.