Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 84.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,599 shares of the company’s stock after buying an additional 1,650 shares during the quarter. Headlands Technologies LLC’s holdings in Grayscale Bitcoin Trust were worth $192,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $117,350,000. Farallon Capital Management LLC purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $85,221,000. Sloy Dahl & Holst LLC purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $32,959,000. Bracebridge Capital LLC purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $26,526,000. Finally, Mad River Investors purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth approximately $25,251,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $47.64 on Friday. Grayscale Bitcoin Trust has a twelve month low of $18.04 and a twelve month high of $65.61. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm’s 50 day moving average price is $50.12 and its two-hundred day moving average price is $55.60.

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.