521,747 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 521,747 shares of the company’s stock, valued at approximately $32,959,000. Grayscale Bitcoin Trust comprises 7.8% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its 3rd largest position.

Several other large investors also recently bought and sold shares of GBTC. Global Assets Advisory LLC bought a new position in Grayscale Bitcoin Trust during the first quarter valued at $22,079,000. Wealth Enhancement Advisory Services LLC bought a new position in Grayscale Bitcoin Trust during the first quarter valued at $12,210,000. Brookstone Capital Management bought a new position in Grayscale Bitcoin Trust during the first quarter valued at $8,435,000. Claro Advisors LLC bought a new position in Grayscale Bitcoin Trust during the first quarter valued at $7,070,000. Finally, Epiq Partners LLC bought a new position in Grayscale Bitcoin Trust during the first quarter valued at $3,743,000.

Grayscale Bitcoin Trust Stock Performance

GBTC stock traded down $1.19 during mid-day trading on Wednesday, reaching $53.70. 385,383 shares of the stock traded hands, compared to its average volume of 12,620,368. The stock has a market capitalization of $27.43 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a one year low of $17.00 and a one year high of $65.61. The business has a 50-day moving average price of $57.86 and a two-hundred day moving average price of $51.73.

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.