Arkham’s latest monitoring data shows that Morgan Stanley kept adding to its Bitcoin position last week through its spot Bitcoin exchange-traded fund, MSBT. The move pushed the bank’s total BTC holdings above the 10,000 mark for the first time.
As of now, Morgan Stanley holds 10,436 BTC. Based on the current price referenced in the report, that position is worth about $875 million. The update points to continued accumulation through the firm’s spot Bitcoin ETF vehicle and marks a new high in its disclosed Bitcoin holdings, according to the Arkham data cited by TechFlowPost.
According to the latest data tracked by Arkham, Morgan Stanley continued to add Bitcoin last week through its spot Bitcoin exchange-traded fund, MSBT, pushing its total BTC holdings above 10,000 for the first time.
As of now, Morgan Stanley holds 10,436 BTC, with the position valued at about $875 million at current prices.
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.