Proficio Capital Partners LLC Buys 2,057,850 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Proficio Capital Partners LLC grew its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4,462.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,103,962 shares of the company’s stock after buying an additional 2,057,850 shares during the quarter. Proficio Capital Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $155,735,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GBTC. Rothschild Investment LLC grew its stake in shares of Grayscale Bitcoin Trust by 0.9% during the 4th quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after acquiring an additional 130 shares during the period. Activest Wealth Management increased its position 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 last quarter. Mutual Advisors LLC raised its stake in Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in Grayscale Bitcoin Trust by 1.0% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after purchasing an additional 165 shares during the last quarter. Finally, Synovus Financial Corp raised its position in Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the period.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA:GBTC opened at $66.71 on Thursday. The stock’s fifty day moving average is $77.38 and its 200 day moving average is $64.94. The firm has a market capitalization of $16.86 billion, a PE ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11.

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.