Malaga Cove Capital LLC Has $1.01 Million Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Malaga Cove Capital LLC lowered its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,659 shares of the company’s stock after selling 1,255 shares during the period. Malaga Cove Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $1,011,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GBTC. Proficio Capital Partners LLC lifted its position in Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after acquiring an additional 2,057,850 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth approximately $34,353,000. Strategic Financial Concepts LLC bought a new position in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $19,360,000. SLT Holdings LLC bought a new position in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $10,203,000. Finally, Discovery Capital Management LLC CT purchased a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $7,950,000.

Grayscale Bitcoin Trust Trading Up 3.0%

Shares of Grayscale Bitcoin Trust stock opened at $82.73 on Wednesday. The company has a market capitalization of $19.96 billion, a P/E ratio of 2.23 and a beta of 2.51. The stock has a fifty day simple moving average of $69.35 and a 200 day simple moving average of $72.66. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

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.