Arkham tracking data shows Morgan Stanley has increased its Bitcoin exposure for two consecutive days. The firm used its spot Bitcoin exchange-traded fund, MSBT, to buy roughly 320.951 BTC at a total cost of $21.91 million. Following the latest purchases, Morgan Stanley’s total Bitcoin holdings have reached 6,995 BTC. Based on the figures cited in the report, those holdings are valued at about $515 million. The update was reported by Odaily, citing Arkham’s monitoring data.
Morgan Stanley has added to its Bitcoin position for a second consecutive day, according to tracking data from Arkham.
The firm purchased about 320.951 BTC through its spot Bitcoin exchange-traded fund, MSBT, spending a total of $21.91 million. After the latest accumulation, Morgan Stanley’s total Bitcoin holdings stand at 6,995 BTC, with an estimated value of about $515 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
