Strategic Financial Concepts LLC Boosts Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Strategic Financial Concepts LLC raised its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4,689.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,686 shares of the company’s stock after purchasing an additional 180,830 shares during the quarter. Strategic Financial Concepts LLC’s holdings in Grayscale Bitcoin Trust were worth $98,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. grew its stake in Grayscale Bitcoin Trust by 1.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 27,453 shares of the company’s stock valued at $1,462,000 after purchasing an additional 300 shares during the last quarter. Horizon Wealth Management LLC grew its stake in Grayscale Bitcoin Trust by 9.1% during the 2nd quarter. Horizon Wealth Management LLC now owns 4,115 shares of the company’s stock valued at $219,000 after purchasing an additional 343 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at about $27,000. Toth Financial Advisory Corp purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000. Finally, YHB Investment Advisors Inc. purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $46.19 on Wednesday. The company has a market cap of $23.59 billion, a PE ratio of 2.29 and a beta of 1.25. The business’s 50-day simple moving average is $50.47 and its two-hundred day simple moving average is $55.70. Grayscale Bitcoin Trust has a fifty-two week low of $18.04 and a fifty-two week high of $65.61.

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.