Pine Valley Investments Ltd Liability Co Boosts Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Pine Valley Investments Ltd Liability Co lifted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,906 shares of the company’s stock after buying an additional 165 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Grayscale Bitcoin Trust were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GBTC. Allworth Financial LP raised its stake in Grayscale Bitcoin Trust by 300.8% during the third quarter. Allworth Financial LP now owns 17,521 shares of the company’s stock worth $885,000 after purchasing an additional 13,149 shares during the period. PFG Investments LLC raised its stake in Grayscale Bitcoin Trust by 60.1% during the third quarter. PFG Investments LLC now owns 12,806 shares of the company’s stock worth $647,000 after purchasing an additional 4,806 shares during the period. Integrated Advisors Network LLC raised its stake in Grayscale Bitcoin Trust by 3.0% during the third quarter. Integrated Advisors Network LLC now owns 27,721 shares of the company’s stock worth $1,400,000 after purchasing an additional 800 shares during the period. Highline Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust during the third quarter worth about $147,000. Finally, SteelPeak Wealth LLC raised its stake in Grayscale Bitcoin Trust by 30.9% during the third quarter. SteelPeak Wealth LLC now owns 5,140 shares of the company’s stock worth $260,000 after purchasing an additional 1,213 shares during the period.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $69.62 on Wednesday. The firm’s 50-day moving average is $77.95 and its two-hundred day moving average is $64.78. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The company has a market capitalization of $17.60 billion, a PE ratio of 2.23 and a beta of 2.51.

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.