Arkham data shows Morgan Stanley added to its Bitcoin position again on Friday, withdrawing more than 42.9 BTC through its spot Bitcoin exchange-traded fund, MSBT, from a Coinbase Prime hot wallet address. The transaction was valued at about $3.6 million, based on the figures cited in the report. Following the latest transfer, Morgan Stanley’s total Bitcoin holdings reached 9,261 BTC. The report put the value of that position at roughly $779 million at current quoted levels. The move was reported by Odaily, citing Arkham’s on-chain monitoring.
According to Odaily, citing Arkham monitoring, Morgan Stanley on Friday withdrew more than 42.9 Bitcoin through its spot Bitcoin exchange-traded fund MSBT from a Coinbase Prime hot wallet address.
The transfer was worth about $3.6 million. After the latest addition, Morgan Stanley’s total Bitcoin holdings stood at 9,261 BTC, with a reported value of about $779 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.
