Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lifted its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,100 shares of the company’s stock after buying an additional 257 shares during the period. Cornerstone Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $207,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GBTC. BOKF NA purchased a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at $57,000. SeaCrest Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $370,000. Opal Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth about $262,000. Level Financial Advisors acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth approximately $255,000. Finally, Grimes & Company Inc. purchased a new stake in Grayscale Bitcoin Trust in the first quarter valued at approximately $2,004,000.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock opened at $54.60 on Friday. The firm has a market capitalization of $27.88 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company has a 50 day moving average price of $48.70 and a 200 day moving average price of $53.87. Grayscale Bitcoin Trust has a one year low of $22.01 and a one year high of $65.61.

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.