Grayscale Bitcoin Mini Trust Shares Set to Reverse Split on Wednesday, November 20th (NYSEARCA:BTC)

Shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) are going to reverse split on Wednesday, November 20th. The 1-5 reverse split was announced on Friday, November 8th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, November 19th.

Grayscale Bitcoin Mini Trust Stock Up 4.5 %

Grayscale Bitcoin Mini Trust stock opened at $8.12 on Monday. The company has a fifty day simple moving average of $5.98 and a 200-day simple moving average of $44.62. Grayscale Bitcoin Mini Trust has a 52-week low of $4.40 and a 52-week high of $8.30.

Institutional Investors Weigh In On Grayscale Bitcoin Mini Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in Grayscale Bitcoin Mini Trust during the third quarter worth $111,916,000. Horizon Kinetics Asset Management LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth $86,042,000. Sloy Dahl & Holst LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter worth about $16,406,000. Emory University purchased a new stake in Grayscale Bitcoin Mini Trust in the 3rd quarter valued at about $15,082,000. Finally, HighTower Advisors LLC purchased a new stake in Grayscale Bitcoin Mini Trust in the 3rd quarter valued at about $7,491,000.