TB Alternative Assets Ltd. Invests $2.06 Million in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

TB Alternative Assets Ltd. bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,841 shares of the company’s stock, valued at approximately $2,061,000. Grayscale Bitcoin Trust makes up approximately 0.5% of TB Alternative Assets Ltd.’s portfolio, making the stock its 27th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its position in shares of Grayscale Bitcoin Trust by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares in the last quarter. Flagstar Advisors Inc. increased its stake in Grayscale Bitcoin Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after purchasing an additional 196 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in Grayscale Bitcoin Trust by 6.7% during the third quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock worth $207,000 after purchasing an additional 257 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Grayscale Bitcoin Trust by 6.3% during the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after buying an additional 276 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares in the last quarter.

Grayscale Bitcoin Trust Trading Up 4.4 %

Shares of NYSEARCA GBTC opened at $83.05 on Tuesday. The stock has a market cap of $42.41 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $34.31 and a twelve month high of $86.11. The stock has a 50 day moving average of $76.85 and a two-hundred day moving average of $60.32.

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.