Interchange Capital Partners LLC Sells 1,642 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Interchange Capital Partners LLC lowered its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 38,362 shares of the company’s stock after selling 1,642 shares during the period. Grayscale Bitcoin Trust accounts for approximately 1.0% of Interchange Capital Partners LLC’s holdings, making the stock its 23rd largest position. Interchange Capital Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $2,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GBTC. Armstrong Advisory Group Inc. grew its holdings in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the period. Activest Wealth Management boosted its holdings in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after acquiring an additional 140 shares during the period. Synergy Investment Management LLC bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $30,000. Cullen Frost Bankers Inc. bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $36,000. Finally, Bear Mountain Capital Inc. boosted its holdings in shares of Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after acquiring an additional 325 shares during the period.

Grayscale Bitcoin Trust Stock Down 0.3 %

Shares of NYSEARCA:GBTC opened at $66.32 on Monday. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The stock has a market cap of $16.26 billion, a PE ratio of 2.23 and a beta of 2.59. The business has a 50 day moving average of $74.24 and a 200-day moving average of $67.36.

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.