Arkham data shows that Morgan Stanley increased its Bitcoin position by about 100.297 BTC roughly six hours ago through its spot Bitcoin exchange-traded fund, MSBT. The purchase was valued at $7.9 million. Following the latest addition, the firm’s total Bitcoin holdings rose above 7,000 BTC for the first time and now stand at 7,096 BTC. Based on the figures cited in the update, the position is worth more than $573 million. The move marks another increase in Morgan Stanley’s Bitcoin exposure and was reported by Odaily.
According to Arkham monitoring cited by Odaily, Morgan Stanley bought about 100.297 BTC roughly six hours ago through its spot Bitcoin exchange-traded fund, MSBT, spending $7.9 million on the purchase.
After the latest addition, the firm’s total Bitcoin holdings moved above 7,000 BTC for the first time. Its current holdings stand at 7,096 BTC, with a value of more than $573 million.
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