12,510 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Purchased by Embree Financial Group

Embree Financial Group purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,510 shares of the company’s stock, valued at approximately $790,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors purchased a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at about $95,000. SeaCrest Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $370,000. Opal Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $262,000. Brookstone Capital Management acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $8,435,000. Finally, Grimes & Company Inc. acquired a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $2,004,000.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock traded down $0.43 during midday trading on Wednesday, hitting $50.92. 3,476,573 shares of the company were exchanged, compared to its average volume of 12,409,668. The company’s fifty day moving average price is $57.45 and its 200-day moving average price is $52.08. The company has a market cap of $26.01 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week high of $65.61.

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.