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Grayscale Bitcoin Trust (BTC)

GBTC

Grayscale Bitcoin Trust (BTC)

Grayscale Bitcoin Trust (BTC) historical holders

total: 1

Giverny Capital Grayscale Bitcoin Trust (BTC) transactions over time

Total transactions:
4
New positions:
2
Sold out:
2
Held since:
2024 Q4
Held for:
1 quarter
Latest activity:
2025 Q1
Francois Rochon has been an institutional investor in Grayscale Bitcoin Trust (BTC) (GBTC) since 2024 Q1. According to 2026 Q1 report, Francois Rochon doesn't hold any shares. The fund/company first acquired GBTC in 2024 Q1, initially purchasing 7,442 shares. Francois Rochon later completely sold out the position and reinvested in GBTC again in 2024 Q4. Since the initial investment, Giverny Capital has made 3 more transactions in this position.

When did Francois Rochon exit their GBTC position?

Francois Rochon no longer holds Grayscale Bitcoin Trust (BTC) (GBTC). They sold off their entire position in 2025 Q1, closing out an investment that began in 2024 Q1.

When did Francois Rochon first invest in GBTC?

Francois Rochon first invested in Grayscale Bitcoin Trust (BTC) (GBTC) in 2024 Q1 at the reported quarter-end price of $63.17 per share, acquiring 7,442 shares in their initial purchase.

What is Francois Rochon's average cost basis for GBTC?

Based on historical transaction data, Francois Rochon's estimated cost basis for Grayscale Bitcoin Trust (BTC) (GBTC) is approximately $74.02 per share. This represents their average reported price* across all buy transactions.

Has Francois Rochon reinvested in GBTC after selling?

Yes, Francois Rochon has shown renewed interest in Grayscale Bitcoin Trust (BTC) (GBTC). After completely selling their position, they reinitiated an investment in 2024 Q4, demonstrating continued conviction in this ticker.

Estimated cost basis*

Weighted AVG buy price:
$74.02
Weighted AVG sell price:
$74.02

GBTC transactions history by Giverny Capital

4 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2025 Q1
0.00%
0
$74.02
-100% (-7,442)
-0.02%
2024 Q4
0.02%
7,442
$74.02
$550,857
new
+0.02%
2024 Q3
0.00%
0
$53.24
-100% (-7,442)
-0.02%
2024 Q1
0.02%
7,442
$63.17
$470,111
new
+0.02%
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.