Bracebridge Capital LLC Takes $10.61 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Bracebridge Capital LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company's stock, valued at approximately $10,610,000. iShares Bitcoin Trust comprises approximately 0.8% of Bracebridge Capital LLC's portfolio, making the stock its 11th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Capula Management Ltd raised its holdings in shares of iShares Bitcoin Trust by 8.7% during the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company's stock valued at $491,714,000 after acquiring an additional 743,930 shares during the period. Proficio Capital Partners LLC grew its position in iShares Bitcoin Trust by 6,401.8% during the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company's stock worth $246,430,000 after buying an additional 4,573,794 shares in the last quarter. Barclays PLC acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth $131,196,000. NINE MASTS CAPITAL Ltd raised its holdings in shares of iShares Bitcoin Trust by 29.6% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company's stock worth $80,541,000 after buying an additional 346,918 shares in the last quarter. Finally, ExodusPoint Capital Management LP grew its holdings in shares of iShares Bitcoin Trust by 849.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,423,900 shares of the company's stock worth $75,538,000 after purchasing an additional 1,274,000 shares during the last quarter.

iShares Bitcoin Trust Stock Up 2.2 %

NASDAQ IBIT traded up $1.16 during trading hours on Wednesday, reaching $53.24. 60,700,653 shares of the company's stock were exchanged, compared to its average volume of 46,353,492. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The firm has a fifty day moving average of $48.81 and a 200-day moving average of $50.32.

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.