West Oak Capital LLC Boosts Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

West Oak Capital LLC lifted its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 53.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 980 shares of the company’s stock after purchasing an additional 340 shares during the quarter. West Oak Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $73,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC grew its stake in shares of Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after purchasing an additional 538,256 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in Grayscale Bitcoin Trust in the second quarter valued at about $14,810,000. International Assets Investment Management LLC boosted its holdings in Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after purchasing an additional 189,585 shares in the last quarter. Atlas Wealth Partners LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth approximately $7,774,000. Finally, Virtu Financial LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 158.8% in the 2nd quarter. Virtu Financial LLC now owns 137,123 shares of the company’s stock valued at $7,300,000 after buying an additional 84,134 shares during the period.

Grayscale Bitcoin Trust Stock Performance

GBTC stock traded up $0.60 during trading on Friday, reaching $75.08. 3,927,901 shares of the company were exchanged, compared to its average volume of 3,263,083. Grayscale Bitcoin Trust has a 52-week low of $34.31 and a 52-week high of $86.11. The company has a market cap of $38.34 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock’s 50 day moving average price is $74.15 and its 200 day moving average price is $59.05.

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.