Golden State Equity Partners Has $637,000 Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Golden State Equity Partners boosted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,611 shares of the company’s stock after buying an additional 544 shares during the period. Golden State Equity Partners’ holdings in Grayscale Bitcoin Trust were worth $637,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Greenwich Wealth Management LLC grew its stake in 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 buying an additional 538,256 shares during the last quarter. Mad River Investors grew its stake in Grayscale Bitcoin Trust by 26.7% in the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after buying an additional 82,187 shares during the last quarter. Moors & Cabot Inc. grew its stake in Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after buying an additional 1,305 shares during the last quarter. International Assets Investment Management LLC grew its stake 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 buying an additional 189,585 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Grayscale Bitcoin Trust by 2.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 180,068 shares of the company’s stock valued at $9,093,000 after buying an additional 5,120 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC opened at $80.41 on Monday. Grayscale Bitcoin Trust has a 52 week low of $37.73 and a 52 week high of $86.11. The firm has a market cap of $41.07 billion, a P/E ratio of 2.29 and a beta of 1.25. The firm’s 50-day simple moving average is $78.35 and its 200 day simple moving average is $62.13.

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.