Main Street Financial Solutions LLC Boosts Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Main Street Financial Solutions LLC boosted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,026 shares of the company’s stock after purchasing an additional 213 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Grayscale Bitcoin Trust were worth $520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC raised its stake in Grayscale Bitcoin Trust by 16.7% during the third quarter. Sanctuary Advisors LLC now owns 38,588 shares of the company’s stock valued at $1,949,000 after purchasing an additional 5,524 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Grayscale Bitcoin Trust by 233.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 22,630 shares of the company’s stock worth $1,143,000 after acquiring an additional 15,850 shares in the last quarter. Synovus Financial Corp increased its stake in Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at approximately $255,000. Finally, Fortem Financial Group LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Fortem Financial Group LLC now owns 25,250 shares of the company’s stock worth $1,869,000 after purchasing an additional 500 shares during the period.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA:GBTC opened at $67.09 on Friday. The stock’s fifty day moving average is $68.35 and its 200 day moving average is $69.53. The firm has a market capitalization of $16.20 billion, a PE ratio of 2.23 and a beta of 2.56. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11.

Grayscale Bitcoin Trust Company 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.