Morgan Stanley increased its Bitcoin exposure by nearly 1,000 BTC over the past two weeks, according to data tracked by Arkham. The purchases were made through the firm’s spot Bitcoin exchange-traded fund, MSBT. Arkham described the move as another round of buying on weakness.
After the latest additions, Morgan Stanley’s total Bitcoin holdings have climbed to 5,761 BTC. Based on the value cited in the update, those holdings are worth more than $360 million at current levels.
The figures were reported by Odaily, citing Arkham monitoring data. No additional details on individual transaction timing or execution prices were disclosed in the brief update.
Morgan Stanley added nearly 1,000 BTC over the past two weeks through its spot Bitcoin exchange-traded fund, MSBT, according to Arkham monitoring data cited by Odaily.
Arkham said the firm bought the dip again during the period. Its total Bitcoin holdings now stand at 5,761 BTC, with a value of more than $360 million.
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