Murray Stahl's BTC Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 3.0M shares of Grayscale Bitcoin Mini Trust ETF (BTC) worth $151.91 M, representing 1.85% of the portfolio. First purchased in 2024-Q4, this short-term holding has been held for 4 quarters.
Based on 13F filings, Murray Stahl has maintained this position in BTC for several quarters, showing initial confidence in the investment. Largest addition occurred in Q2 2025, adding 11.7K shares. Largest reduction occurred in Q3 2025, reducing 71.9K shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Grayscale Bitcoin Mini Trust ETF (BTC) Holding Value Over Time
Track share changes against reported price movement
Quarterly Grayscale Bitcoin Mini Trust ETF (BTC) Trades by Murray Stahl
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2024 | +3.06 M | New Buy | 3.06 M | $41.87 |
| Q1 2025 | -3,666 | Reduce 0.12% | 3.06 M | $36.49 |
| Q2 2025 | +11,733 | Add 0.38% | 3.07 M | $47.75 |
| Q3 2025 | -71,902 | Reduce 2.34% | 3 M | $50.63 |
Murray Stahl's Grayscale Bitcoin Mini Trust ETF Investment FAQs
Murray Stahl first purchased Grayscale Bitcoin Mini Trust ETF (BTC) in Q4 2024, acquiring 3,064,302 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held Grayscale Bitcoin Mini Trust ETF (BTC) for 4 quarters since Q4 2024. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl's largest addition to Grayscale Bitcoin Mini Trust ETF (BTC) was in Q4 2024, adding 3,064,302 shares worth $128.3 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 3,000,467 shares of Grayscale Bitcoin Mini Trust ETF (BTC), valued at approximately $151.91 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Grayscale Bitcoin Mini Trust ETF (BTC) represents approximately 1.85% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl's peak holding in Grayscale Bitcoin Mini Trust ETF (BTC) was 3,072,369 shares, as reported at the end of Q2 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.