Sapient Capital LLC Sells 2,415 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sapient Capital LLC lowered its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,738 shares of the company’s stock after selling 2,415 shares during the quarter. Sapient Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $1,831,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arkadios Wealth Advisors bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at about $245,000. Avior Wealth Management LLC increased its holdings in Grayscale Bitcoin Trust by 225.5% in the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock valued at $120,000 after purchasing an additional 1,123 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Grayscale Bitcoin Trust by 109.7% in the fourth quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after purchasing an additional 30,112 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Grayscale Bitcoin Trust by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after purchasing an additional 1,349 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter valued at about $46,000.

Grayscale Bitcoin Trust Trading Down 2.2 %

NYSEARCA GBTC opened at $75.40 on Wednesday. The stock has a 50-day simple moving average of $78.57 and a 200 day simple moving average of $62.97. The company has a market capitalization of $38.51 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month 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.