MADDEN SECURITIES Corp Buys New Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

MADDEN SECURITIES Corp purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,785 shares of the company’s stock, valued at approximately $521,000.

Other institutional investors have also added to or reduced their stakes in the company. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $27,000. Toth Financial Advisory Corp purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. YHB Investment Advisors Inc. purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. Hollencrest Capital Management purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. Finally, Ulland Investment Advisors LLC purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $32,000.

Grayscale Bitcoin Trust Price Performance

GBTC traded up $3.76 during trading on Thursday, hitting $47.43. 5,520,818 shares of the stock traded hands, compared to its average volume of 11,429,065. The firm has a market capitalization of $24.22 billion, a P/E ratio of 2.29 and a beta of 1.25. The firm has a 50-day moving average of $55.82 and a 200 day moving average of $54.57. Grayscale Bitcoin Trust has a 12-month low of $17.00 and a 12-month high of $65.61.

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.