Nokomis Capital L.L.C. Buys Shares of 51,100 iShares Bitcoin Trust (NASDAQ:IBIT)

Nokomis Capital L.L.C. purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 51,100 shares of the company’s stock, valued at approximately $2,711,000. iShares Bitcoin Trust accounts for about 1.0% of Nokomis Capital L.L.C.’s holdings, making the stock its 29th largest position.

A number of other hedge funds have also modified their holdings of IBIT. NorthRock Partners LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at about $275,000. Obermeyer Wealth Partners purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $233,000. Measured Risk Portfolios Inc. purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at approximately $67,000. Morse Asset Management Inc acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $53,000. Finally, Mubadala Investment Co PJSC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $436,895,000.

iShares Bitcoin Trust Trading Up 3.0%

iShares Bitcoin Trust stock opened at $59.62 on Wednesday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The firm has a 50 day moving average price of $49.91 and a 200 day moving average price of $52.17.

About iShares Bitcoin Trust

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.