Arkham’s latest monitoring data shows Morgan Stanley bought more Bitcoin early Friday through its spot Bitcoin exchange-traded fund, MSBT. The firm spent $7.21 million to add about 114.644 BTC, according to the data cited by ChainCatcher. After the purchase, its total Bitcoin holdings rose to 6,231 BTC, marking the first time the position has moved above 6,200 BTC. The holding is currently valued at more than $390 million. The update frames the move as another dip-buying transaction by Morgan Stanley and adds to the picture of continued institutional accumulation through spot Bitcoin ETF structures.
According to ChainCatcher, citing the latest monitoring data from Arkham, Morgan Stanley bought more Bitcoin early Friday through its spot Bitcoin exchange-traded fund, MSBT.
The purchase totaled $7.21 million and increased the position by about 114.644 BTC. After the latest addition, Morgan Stanley’s total Bitcoin holdings reached 6,231 BTC, the first time the figure has moved above 6,200 BTC.
The holding is currently worth more than $390 million.
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