Blue Square Asset Management LLC Has $7.25 Million Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Blue Square Asset Management LLC lowered its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,934 shares of the company’s stock after selling 9,389 shares during the period. Grayscale Bitcoin Trust accounts for 3.6% of Blue Square Asset Management LLC’s portfolio, making the stock its 6th largest position. Blue Square Asset Management LLC’s holdings in Grayscale Bitcoin Trust were worth $7,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in Grayscale Bitcoin Trust by 80.5% in the second quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock valued at $1,057,000 after buying an additional 8,533 shares during the period. Ascent Group LLC bought a new position in Grayscale Bitcoin Trust during the second quarter worth about $215,000. Magnolia Capital Advisors LLC bought a new position in Grayscale Bitcoin Trust during the second quarter worth about $14,810,000. Creative Planning grew its position in shares of Grayscale Bitcoin Trust by 1.3% during the 2nd quarter. Creative Planning now owns 82,857 shares of the company’s stock worth $4,411,000 after buying an additional 1,074 shares during the period. Finally, Sunbelt Securities Inc. raised its position in shares of Grayscale Bitcoin Trust by 8.8% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock valued at $230,000 after acquiring an additional 350 shares during the period.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $83.17 on Friday. The firm has a market capitalization of $42.48 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company’s 50 day simple moving average is $77.79 and its 200 day simple moving average is $61.16. Grayscale Bitcoin Trust has a fifty-two week low of $35.24 and a fifty-two week high of $86.11.

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.