Millennium Management LLC increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 27.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,850,198 shares of the company's stock after acquiring an additional 6,352,197 shares during the period. iShares Bitcoin Trust comprises 0.8% of Millennium Management LLC's portfolio, making the stock its 2nd biggest position. Millennium Management LLC owned about 2.90% of iShares Bitcoin Trust worth $1,583,553,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brevan Howard Capital Management LP purchased a new position in iShares Bitcoin Trust during the 4th quarter worth $1,385,364,000. Symmetry Investments LP increased its holdings in iShares Bitcoin Trust by 3,605.8% during the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company's stock worth $672,611,000 after purchasing an additional 12,336,673 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in iShares Bitcoin Trust by 344.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company's stock worth $512,857,000 after purchasing an additional 7,494,123 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in iShares Bitcoin Trust during the 4th quarter worth $378,140,000. Finally, Farallon Capital Management LLC increased its holdings in iShares Bitcoin Trust by 404.1% during the 4th quarter. Farallon Capital Management LLC now owns 7,259,100 shares of the company's stock worth $385,095,000 after purchasing an additional 5,819,100 shares during the period.
iShares Bitcoin Trust Trading Up 0.9%
IBIT traded up $0.53 during trading on Friday, hitting $59.20. 37,014,984 shares of the stock were exchanged, compared to its average volume of 44,674,402. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The firm has a 50 day simple moving average of $50.61 and a 200 day simple moving average of $52.47.
iShares Bitcoin Trust Profile
(
Free Report)
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.
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