Grayscale Bitcoin Mini Trust Stock Set to Reverse Split on Wednesday, November 20th (NYSEARCA:BTC)

Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) shares are scheduled to reverse split before the market opens on Wednesday, November 20th. The 1-5 reverse split was announced on Friday, November 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, November 19th.

Grayscale Bitcoin Mini Trust Stock Up 4.5 %

Shares of NYSEARCA:BTC opened at $8.12 on Friday. The company has a 50 day moving average of $5.98 and a 200-day moving average of $45.26. Grayscale Bitcoin Mini Trust has a twelve month low of $4.40 and a twelve month high of $8.30.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust

Large investors have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in Grayscale Bitcoin Mini Trust during the third quarter valued at approximately $25,000. ZRC Wealth Management LLC purchased a new position in Grayscale Bitcoin Mini Trust during the third quarter valued at approximately $36,000. SouthState Corp purchased a new position in Grayscale Bitcoin Mini Trust during the third quarter valued at approximately $37,000. Oxbow Advisors LLC bought a new stake in Grayscale Bitcoin Mini Trust in the third quarter worth approximately $56,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Grayscale Bitcoin Mini Trust in the third quarter worth approximately $57,000.