Samalin Investment Counsel LLC Sells 533 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Samalin Investment Counsel LLC decreased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,411 shares of the company’s stock after selling 533 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Grayscale Bitcoin Trust were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GBTC. Synergy Investment Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $30,000. Activest Wealth Management lifted its position in 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 last quarter. Armstrong Advisory Group Inc. lifted its holdings in Grayscale Bitcoin Trust by 310.0% during the 4th 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 last quarter. Cullen Frost Bankers Inc. bought a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at $36,000. Finally, Bear Mountain Capital Inc. grew its holdings in Grayscale Bitcoin Trust by 162.5% in the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after buying an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

GBTC stock opened at $66.32 on Monday. The company has a market capitalization of $16.26 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The company’s 50-day simple moving average is $74.24 and its 200 day simple moving average is $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.