Arkham data shows Morgan Stanley has increased its Bitcoin exposure again through its spot Bitcoin exchange-traded fund, MSBT. The firm spent $7.21 million to buy about 114.644 BTC in the latest purchase. With that addition, its total Bitcoin holdings have moved past 6,200 BTC and now stand at 6,231 BTC. The position is currently valued at more than $390 million, based on the figures cited in the update. The move was described in the source report as another instance of buying on a dip.
According to Arkham monitoring cited by Odaily, Morgan Stanley added to its Bitcoin position again, described in the report as another dip-buying move.
The purchase was made through its spot Bitcoin exchange-traded fund, MSBT, with $7.21 million spent to acquire about 114.644 BTC. Following the latest addition, the firm’s total Bitcoin holdings rose above 6,200 BTC to reach 6,231 BTC, with the position valued at more than $390 million.
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