2,024 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by Fairscale Capital LLC

Fairscale Capital LLC acquired a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,024 shares of the company’s stock, valued at approximately $117,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBTC. Optimum Investment Advisors acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter worth about $95,000. BOKF NA purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter worth approximately $57,000. SeaCrest Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at approximately $370,000. Opal Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at approximately $262,000. Finally, Level Financial Advisors acquired a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $255,000.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $50.03 on Friday. Grayscale Bitcoin Trust has a 12-month low of $18.04 and a 12-month high of $65.61. The stock has a market capitalization of $25.55 billion, a PE ratio of 2.29 and a beta of 1.25. The firm’s fifty day moving average price is $49.88 and its 200 day moving average price is $55.32.

Grayscale Bitcoin Trust Company 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.