CENTRAL TRUST Co Acquires Shares of 2,425 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

CENTRAL TRUST Co bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,425 shares of the company’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at approximately $1,340,000. Arlington Capital Management Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $1,358,000. U S Global Investors Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $69,000. Smith Anglin Financial LLC purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth $235,000. Finally, Simplicity Wealth LLC purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth $4,768,000.

Grayscale Bitcoin Trust Stock Up 0.5 %

NYSEARCA GBTC traded up $0.31 during trading hours on Wednesday, hitting $61.91. 4,092,443 shares of the stock were exchanged, compared to its average volume of 14,925,294. The company has a market cap of $31.62 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12-month low of $12.86 and a 12-month high of $65.61. The stock has a 50-day moving average of $58.52 and a 200 day moving average of $47.02.

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.