Morgan Stanley has increased its Bitcoin exposure for a second consecutive day, according to Odaily. The firm used its spot Bitcoin exchange-traded fund, MSBT, to buy about 320.951 BTC at a cost of $21.91 million. Following the latest purchase, Morgan Stanley's total Bitcoin holdings rose to 6,995 BTC. Based on the figures provided in the report, the position is valued at about $515 million. The update points to continued accumulation by the bank over the past two days, with the latest transaction disclosed as part of its ETF-based Bitcoin exposure.
Morgan Stanley increased its Bitcoin holdings for a second straight day, according to Odaily, using its spot Bitcoin exchange-traded fund MSBT to purchase about 320.951 BTC for $21.91 million.
After the latest addition, the firm's total Bitcoin holdings reached 6,995 BTC, with the position valued at about $515 million based on the figures in the report.
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