CEO of $BTBT Purchases 750,000 Shares

The Chief Executive Officer of $BTBT, who goes by the name of Samir Tabar, demonstrated confidence in the company by acquiring 750,000 shares on June 25, 2025. The estimated value of this purchase amounted to $1,500,000, significantly boosting their stake in this class of $BTBT stock by 55.2%. Currently, Samir Tabar owns approximately 2,108,089 shares of $BTBT stock.

According to insights provided by Quiver Quantitative sourced from the recent SEC filing, $BTBT insiders have engaged in market transactions concerning $BTBT stock once in the last six months. Out of these activities, one transaction involved a purchase, while there were no sales recorded during this period. Specifically, the CEO, Samir Tabar, invested $1,500,000 in acquiring 750,000 shares. For an in-depth view of insider dealings, interested parties can refer to Quiver Quantitative’s insider trading dashboard.

In terms of hedge fund activity, recent trends show promise, with 81 institutional investors integrating $BTBT shares into their portfolios while 85 investors reduced their positions in the last quarter. Notable movements include Bank of America Corp acquiring 2,940,001 shares, reflecting a monumental increase of 2341.0%, Citadel Advisors LLC boosting their holdings by 104.2% with an additional 2,312,241 shares, and Intrinsic Edge Capital Management LLC taking the unconventional step of divesting all 1,600,000 previously held shares. Furthermore, UBS Group AG, Goldman Sachs Group Inc, and Exchange Traded Concepts, LLC collectively subtracted an estimated total of 3,134,211 shares from their respective portfolios. Conversely, Millennium Management LLC showed confidence by adding 899,967 shares, marking an uptick of 62.6%.

Regarding analyst evaluations, Wall Street has recently published reports on $BTBT. Out of these reviews, one agency recommended a “Buy” rating on the stock. Craig-Hallum issued this endorsement on 01/21/2025, indicating confidence in the future performance of $BTBT. For further details on analyst ratings and price targets for $BTBT, you can consult Quiver Quantitative’s $BTBT forecast section.

It is essential to note that the aforementioned information constitutes insights and does not serve as financial counsel. Readers should seek additional disclaimers and clarifications from Quiver Quantitative prior to making significant decisions based on this data.