BTCS (OTCMKTS:BTCS) Share Price Crosses Below 50 Day Moving Average of $1.57

BTCS Inc. (OTCMKTS:BTCSGet Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.57 and traded as low as $1.46. BTCS shares last traded at $1.58, with a volume of 111,138 shares trading hands.

BTCS Stock Up 5.3 %

The firm has a market capitalization of $24.79 million, a price-to-earnings ratio of 2.82 and a beta of 1.58. The company has a 50-day moving average price of $1.57 and a 200-day moving average price of $1.36.

Institutional Investors Weigh In On BTCS

Several institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. increased its stake in BTCS by 39,627.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 7,151 shares of the company’s stock valued at $30,000 after buying an additional 7,133 shares during the period. Jane Street Group LLC boosted its holdings in shares of BTCS by 103.5% in the third quarter. Jane Street Group LLC now owns 20,973 shares of the company’s stock valued at $31,000 after acquiring an additional 10,669 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in shares of BTCS during the first quarter valued at approximately $47,000. State Street Corp bought a new stake in BTCS during the first quarter worth approximately $59,000. Finally, Vanguard Group Inc. lifted its position in BTCS by 9.2% in the third quarter. Vanguard Group Inc. now owns 367,884 shares of the company’s stock worth $552,000 after purchasing an additional 30,900 shares during the period. Institutional investors and hedge funds own 3.54% of the company’s stock.

About BTCS

(Get Free Report)

BTCS Inc focuses on blockchain infrastructure and staking in the United States. The company secures blockchain-infrastructure operations and operates validator nodes on disruptive next-generation blockchain networks. It offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms.

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