Firestone Capital Management trimmed its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 28.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,230 shares of the company’s stock after selling 3,614 shares during the period. Firestone Capital Management’s holdings in Grayscale Bitcoin Trust were worth $683,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of GBTC. Proficio Capital Partners LLC grew its position in Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $19,360,000. SLT Holdings LLC bought a new position in Grayscale Bitcoin Trust during the fourth quarter worth about $10,203,000. Discovery Capital Management LLC CT purchased a new position in Grayscale Bitcoin Trust in the 4th quarter valued at approximately $7,950,000. Finally, Citrine Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $7,721,000.
Grayscale Bitcoin Trust Price Performance
GBTC opened at $74.81 on Tuesday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The firm has a market capitalization of $18.06 billion, a P/E ratio of 2.23 and a beta of 2.56. The company has a fifty day moving average price of $67.81 and a 200-day moving average price of $70.95.
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.
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