Odaily reported that, according to monitoring by Arkham, Morgan Stanley has been “buying the dip” over the past week. The institution increased its Bitcoin exposure through its spot Bitcoin exchange-traded fund MSBT, adding a total of 266.56 BTC. The newly added Bitcoin was valued at $17.26 million based on the figures cited in the monitoring data.
MSBT Holdings Lift Total Bitcoin Position to 4,348 BTC
As of the latest data cited by Arkham, Morgan Stanley’s total Bitcoin holdings have reached 4,348 BTC. The position is valued at approximately $273.8 million. The reported increase came through MSBT, the firm’s spot Bitcoin exchange-traded fund, and was included in the institution’s overall Bitcoin holdings.
The latest disclosure gives both the size and the dollar value of the weekly addition, as well as the updated total position. The 266.56 BTC accumulated during the past week now forms part of Morgan Stanley’s total 4,348 BTC holding, according to Arkham’s monitoring.