Doliver Advisors LP Sells 1,355 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Doliver Advisors LP lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 10.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,171 shares of the company’s stock after selling 1,355 shares during the quarter. Doliver Advisors LP’s holdings in Grayscale Bitcoin Trust were worth $901,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GBTC. Greenwich Wealth Management LLC raised its stake in shares of 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 valued at $54,379,000 after purchasing an additional 538,256 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in Grayscale Bitcoin Trust in the 2nd quarter valued at approximately $14,810,000. International Assets Investment Management LLC lifted its stake in Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after acquiring an additional 189,585 shares in the last quarter. Strategic Financial Concepts LLC boosted its position in Grayscale Bitcoin Trust by 4,689.6% during the 2nd quarter. Strategic Financial Concepts LLC now owns 184,686 shares of the company’s stock worth $98,000 after acquiring an additional 180,830 shares during the last quarter. Finally, Atlas Wealth Partners LLC bought a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth approximately $7,774,000.

Grayscale Bitcoin Trust Stock Up 3.8 %

Shares of GBTC stock traded up $3.00 during trading on Monday, reaching $81.02. The company’s stock had a trading volume of 3,214,999 shares, compared to its average volume of 2,866,388. Grayscale Bitcoin Trust has a one year low of $34.31 and a one year high of $86.11. The business has a fifty day moving average price of $72.54 and a 200-day moving average price of $58.52. The company has a market cap of $41.38 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.