Morgan Stanley increased its Bitcoin exposure last week through its spot Bitcoin exchange-traded fund, MSBT, according to the latest monitoring data cited by ChainCatcher from Arkham. The update says the Wall Street firm kept adding to its position over the course of the week. As of now, its total Bitcoin holdings have climbed above the 10,000 BTC mark for the first time. Arkham’s data puts the position at 10,436 BTC, with an estimated value of about $875 million. The report frames the move as a continued accumulation by Morgan Stanley via its spot Bitcoin ETF vehicle.
Morgan Stanley kept adding to Bitcoin last week through its spot Bitcoin exchange-traded fund, MSBT, according to the latest monitoring data from Arkham cited by ChainCatcher.
Its total Bitcoin holdings have now crossed 10,000 BTC for the first time, reaching 10,436 BTC, valued at about $875 million.
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