Arkham monitoring data shows that Morgan Stanley added to its Bitcoin position through its spot Bitcoin exchange-traded fund, MSBT. The purchase was valued at $7.9 million and amounted to about 100.297 BTC. Following the increase, the firm’s total Bitcoin holdings rose to 7,096 BTC, marking the first time the position has moved above 7,000 BTC. Based on the figures cited in the update, the holdings are worth more than $573 million. The report was cited by ChainCatcher, which attributed the wallet tracking information to Arkham.
According to ChainCatcher, Arkham monitoring shows that Morgan Stanley increased its Bitcoin exposure through its spot Bitcoin exchange-traded fund, MSBT, spending $7.9 million to buy about 100.297 BTC.
After the purchase, Morgan Stanley’s total Bitcoin holdings reached 7,096 BTC, the first time the figure has moved above 7,000 BTC. The position is currently valued at more than $573 million.
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