Dudley Capital Management LLC Takes $270,000 Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Dudley Capital Management LLC bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,647 shares of the company’s stock, valued at approximately $270,000.

Other large investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its position in Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares during the last quarter. Activest Wealth Management boosted its holdings in Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter valued at approximately $30,000. Cullen Frost Bankers Inc. purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter worth approximately $36,000. Finally, Bear Mountain Capital Inc. raised its position in shares of Grayscale Bitcoin Trust by 162.5% in the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after purchasing an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Trading Up 5.2 %

GBTC stock opened at $69.77 on Tuesday. The firm has a 50 day simple moving average of $74.15 and a 200-day simple moving average of $67.53. The company has a market capitalization of $17.10 billion, a P/E ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11.

Grayscale Bitcoin Trust 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.