According to ChainCatcher, on-chain data from Arkham shows that Morgan Stanley has once again 'bought the dip.' The investment bank spent $15.05 million to acquire approximately 232.548 bitcoins through its spot bitcoin exchange-traded fund, MSBT. With this latest addition, Morgan Stanley's total bitcoin holdings have surpassed 6,500 for the first time, reaching 6,563 BTC. Those holdings are valued at more than $426 million. The word 'again' in the report implies that Morgan Stanley has previously increased its bitcoin exposure during market dips, though specifics of those earlier purchases were not included. Arkham, an on-chain data platform, identified the transaction via blockchain monitoring. The purchase highlights the growing role of spot bitcoin ETFs as a way for institutional investors to gain exposure to digital assets. It also shows that major traditional financial firms continue to accumulate bitcoin when prices are weak. No further details about the transaction, such as the exact execution time or price, were disclosed by ChainCatcher.
Morgan Stanley has again bought the dip in bitcoin, according to on-chain data from Arkham relayed by ChainCatcher. The bank invested $15.05 million to purchase roughly 232.548 BTC through its spot bitcoin ETF, MSBT. This move pushed the firm's total bitcoin holdings to 6,563 BTC, crossing the 6,500 threshold for the first time. The position is now worth over $426 million. The report refers to this as another 'buy-the-dip' action, implying the bank has added to its bitcoin position in previous market downturns. However, those earlier transactions were not specified. Arkham detected the transfer through blockchain monitoring. This latest buy reflects continued institutional interest in bitcoin via spot ETFs.
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