Paragon Advisors LLC Makes New $25.91 Million Investment in Grayscale Bitcoin Mini Trust ETF $BTC

Paragon Advisors LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF (NYSEARCA:BTC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 669,058 shares of the company’s stock, valued at approximately $25,913,000. Grayscale Bitcoin Mini Trust ETF makes up about 7.0% of Paragon Advisors LLC’s holdings, making the stock its 2nd biggest holding.

A number of other institutional investors have also modified their holdings of BTC. Millennium Management LLC boosted its position in Grayscale Bitcoin Mini Trust ETF by 25.0% during the third quarter. Millennium Management LLC now owns 2,500,165 shares of the company’s stock worth $126,583,000 after acquiring an additional 500,522 shares during the last quarter. Emory University raised its holdings in Grayscale Bitcoin Mini Trust ETF by 91.0% in the 3rd quarter. Emory University now owns 1,023,417 shares of the company’s stock valued at $51,816,000 after acquiring an additional 487,636 shares during the last quarter. Sloy Dahl & Holst LLC lifted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 2.9% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 674,710 shares of the company’s stock worth $34,161,000 after purchasing an additional 18,771 shares during the period. SteelPeak Wealth LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust ETF during the 3rd quarter worth $30,477,000. Finally, Kaleidoscope Capital LP lifted its stake in shares of Grayscale Bitcoin Mini Trust ETF by 7.4% during the 3rd quarter. Kaleidoscope Capital LP now owns 543,346 shares of the company’s stock worth $27,510,000 after purchasing an additional 37,346 shares during the period. Institutional investors and hedge funds own 27.38% of the company’s stock.

Grayscale Bitcoin Mini Trust ETF Stock Performance

BTC stock opened at $31.34 on Thursday. Grayscale Bitcoin Mini Trust ETF has a 52-week low of $27.55 and a 52-week high of $55.96. The stock’s fifty day simple moving average is $32.94 and its 200-day simple moving average is $40.73.

About Grayscale Bitcoin Mini Trust ETF

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin. BTC was launched on Jul 31, 2024 and is issued by Grayscale.