Bessemer Group Inc. Invests $356,000 in Grayscale Bitcoin Trust ETF $GBTC

Bessemer Group Inc. bought a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,197 shares of the company’s stock, valued at approximately $356,000.

Several other large investors also recently made changes to their positions in GBTC. First Horizon Advisors Inc. grew its holdings in shares of Grayscale Bitcoin Trust ETF by 90.9% during the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at $34,000. Flaharty Asset Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at $39,000. Cornerstone Planning Group LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 600.0% during the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock valued at $57,000 after acquiring an additional 750 shares during the period. Finally, Headlands Technologies LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 227.0% during the first quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock valued at $74,000 after acquiring an additional 783 shares during the period.

Grayscale Bitcoin Trust ETF Stock Up 3.2%

Shares of GBTC opened at $86.02 on Monday. Grayscale Bitcoin Trust ETF has a 12-month low of $53.37 and a 12-month high of $99.12. The firm has a market capitalization of $20.71 billion, a PE ratio of 2.23 and a beta of 2.40. The stock’s fifty day simple moving average is $88.98 and its 200-day simple moving average is $86.38.

Grayscale Bitcoin Trust ETF 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.