Arlington Capital Management Inc. Grows Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Arlington Capital Management Inc. lifted its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,754 shares of the company’s stock after purchasing an additional 920 shares during the quarter. Arlington Capital Management Inc.’s holdings in Grayscale Bitcoin Trust were worth $500,000 as of its most recent SEC filing.

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

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $69.72 on Wednesday. The business has a fifty day moving average price of $74.02 and a 200 day moving average price of $67.72. The company has a market cap of $17.09 billion, a P/E ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11.

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.