Bleakley Financial Group LLC Has $4.64 Million Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Bleakley Financial Group LLC raised its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,702 shares of the company’s stock after acquiring an additional 2,313 shares during the period. Bleakley Financial Group LLC’s holdings in Grayscale Bitcoin Trust were worth $4,641,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GBTC. Armstrong Advisory Group Inc. grew 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 during the period. West Oak Capital LLC increased its position in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter worth approximately $46,000. Future Financial Wealth Managment LLC bought a new position in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at about $50,000. Finally, Icon Wealth Advisors LLC acquired a new position in Grayscale Bitcoin Trust during the third quarter worth approximately $53,000.

Grayscale Bitcoin Trust Trading Down 1.4 %

NYSEARCA:GBTC opened at $77.08 on Thursday. The stock has a market cap of $39.37 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock has a 50 day simple moving average of $78.57 and a 200 day simple moving average of $62.46. Grayscale Bitcoin Trust has a 1-year low of $38.24 and a 1-year high of $86.11.

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.