Arkham data shows Morgan Stanley added roughly 111.762 BTC yesterday through its spot Bitcoin exchange-traded fund, MSBT, in a purchase valued at about $7.03 million. The latest buy lifted the firm’s total Bitcoin holdings to 6,675 BTC, the first time its position has moved above 6,600 BTC. At current value, those holdings are worth more than $420 million. The move was described in the source report as another dip-buying purchase by the bank.
According to Arkham monitoring, Morgan Stanley bought another 111.762 BTC yesterday through its spot Bitcoin exchange-traded fund, MSBT, spending about $7.03 million.
The purchase pushed the firm’s total Bitcoin holdings above 6,600 BTC for the first time, bringing the position to 6,675 BTC. The holding is currently valued at more than $420 million.
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