Alliancebernstein L.P. Acquires Shares of 3,845 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Alliancebernstein L.P. bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,845 shares of the company’s stock, valued at approximately $285,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GBTC. Synergy Investment Management LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $30,000. 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 worth $30,000 after purchasing an additional 140 shares during the period. Armstrong Advisory Group Inc. raised its holdings 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 during the period. Cullen Frost Bankers Inc. bought a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth about $36,000. Finally, Bear Mountain Capital Inc. boosted its holdings 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 buying an additional 325 shares during the period.

Grayscale Bitcoin Trust Stock Up 2.9 %

GBTC opened at $69.06 on Tuesday. The company’s 50-day moving average price is $68.03 and its 200 day moving average price is $70.09. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 2.23 and a beta of 2.56.

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.