Wilmington Savings Fund Society FSB Has $1.14 Million Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Wilmington Savings Fund Society FSB increased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 233.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,630 shares of the company’s stock after buying an additional 15,850 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Grayscale Bitcoin Trust were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GBTC. West Oak Capital LLC raised its stake in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares in the last quarter. Asset Dedication LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at approximately $40,000. CWM LLC bought a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at approximately $42,000. Hollencrest Capital Management grew its holdings in shares of Grayscale Bitcoin Trust by 88.9% during the 2nd quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter worth $46,000.

Grayscale Bitcoin Trust Stock Up 1.7 %

GBTC opened at $80.77 on Friday. The stock has a market capitalization of $41.25 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $33.29 and a twelve month high of $82.44. The company has a 50-day simple moving average of $64.95 and a 200 day simple moving average of $56.78.

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.