Silicon Valley Capital Partners Grows Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Silicon Valley Capital Partners boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 16.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,800 shares of the company’s stock after buying an additional 1,500 shares during the period. Silicon Valley Capital Partners’ holdings in Grayscale Bitcoin Trust were worth $545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Grayscale Bitcoin Trust during the first quarter worth $117,350,000. Farallon Capital Management LLC purchased a new position in shares of Grayscale Bitcoin Trust during the first quarter valued at about $85,221,000. Greenwich Wealth Management LLC increased its holdings in shares of Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares during the last quarter. LPL Financial LLC lifted its position in shares of Grayscale Bitcoin Trust by 7.1% in the second quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock worth $54,887,000 after buying an additional 68,698 shares in the last quarter. Finally, Bracebridge Capital LLC bought a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $26,526,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $54.29 on Monday. Grayscale Bitcoin Trust has a 1-year low of $26.58 and a 1-year high of $65.61. The business has a 50 day simple moving average of $50.10 and a two-hundred day simple moving average of $53.49. The stock has a market capitalization of $27.73 billion, a PE ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.