CAP Partners LLC Raises Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

CAP Partners LLC grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 86.5% in the second quarter, Holdings Channel reports. The firm owned 10,288 shares of the company’s stock after acquiring an additional 4,772 shares during the period. CAP Partners LLC’s holdings in iShares Bitcoin Trust were worth $351,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bracebridge Capital LLC purchased a new stake in iShares Bitcoin Trust in the first quarter worth about $100,639,000. Titan Global Capital Management USA LLC purchased a new stake in iShares Bitcoin Trust in the first quarter worth about $65,558,000. Murchinson Ltd. purchased a new stake in iShares Bitcoin Trust in the first quarter worth about $35,531,000. Hunting Hill Global Capital LLC purchased a new stake in iShares Bitcoin Trust in the second quarter worth about $25,614,000. Finally, Monolith Management Ltd purchased a new stake in iShares Bitcoin Trust in the first quarter worth about $24,416,000.

iShares Bitcoin Trust Stock Up 4.7 %

NASDAQ:IBIT traded up $1.53 during mid-day trading on Friday, reaching $34.03. The company’s stock had a trading volume of 22,686,484 shares, compared to its average volume of 31,518,945. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99. The stock has a fifty day moving average of $35.50 and a 200-day moving average of $35.64.

iShares Bitcoin Trust Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.