Patriot Investment Management Group Inc. Purchases 84,050 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Patriot Investment Management Group Inc. increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 759.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,115 shares of the company’s stock after buying an additional 84,050 shares during the period. Patriot Investment Management Group Inc.’s holdings in iShares Bitcoin Trust were worth $5,046,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMC Chicago LLC acquired a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $323,337,000. D. E. Shaw & Co. Inc. raised its stake in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Sculptor Capital LP increased its holdings in shares of iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after purchasing an additional 2,215,107 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of iShares Bitcoin Trust during the second quarter valued at about $56,965,000. Finally, Murchinson Ltd. lifted its stake in shares of iShares Bitcoin Trust by 87.1% in the second quarter. Murchinson Ltd. now owns 1,642,535 shares of the company’s stock valued at $56,076,000 after buying an additional 764,575 shares during the period.

iShares Bitcoin Trust Trading Down 1.0 %

Shares of IBIT stock opened at $58.79 on Friday. The stock has a 50 day moving average of $55.44 and a two-hundred day moving average of $43.00. iShares Bitcoin Trust has a 12 month low of $22.57 and a 12 month high of $61.75.

iShares Bitcoin Trust Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.