3,773 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by IAM Advisory LLC

IAM Advisory LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,773 shares of the company’s stock, valued at approximately $201,000.

A number of other large investors have also recently added to or reduced their stakes in GBTC. Jane Street Group LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $117,350,000. Farallon Capital Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the first quarter valued at approximately $85,221,000. Sloy Dahl & Holst LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $32,959,000. Bracebridge Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $26,526,000. Finally, Mad River Investors acquired a new position in Grayscale Bitcoin Trust during the 1st quarter valued at approximately $25,251,000.

Grayscale Bitcoin Trust Trading Up 2.1 %

GBTC traded up $0.98 during trading on Friday, reaching $48.41. 5,503,267 shares of the company were exchanged, compared to its average volume of 11,390,544. Grayscale Bitcoin Trust has a 52 week low of $17.00 and a 52 week high of $65.61. The firm has a 50 day moving average of $55.31 and a 200 day moving average of $54.82. The stock has a market cap of $24.72 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.