Sunbelt Securities Inc. Buys New Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sunbelt Securities Inc. purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,972 shares of the company’s stock, valued at approximately $251,000.

Several other large investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new stake in shares of Grayscale Bitcoin Trust during the first quarter valued at approximately $22,079,000. Canton Hathaway LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $942,000. SVB Wealth LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $770,000. Next Capital Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $670,000. Finally, Garde Capital Inc. acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $602,000.

Grayscale Bitcoin Trust Stock Up 0.7 %

NYSEARCA GBTC opened at $54.51 on Friday. Grayscale Bitcoin Trust has a twelve month low of $17.00 and a twelve month high of $65.61. The stock has a market cap of $27.84 billion, a P/E ratio of 2.29 and a beta of 1.25. The company’s 50-day simple moving average is $58.09 and its 200 day simple moving average is $51.39.

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.