Odaily Planet Daily reports, according to on-chain data from Arkham, Morgan Stanley opportunistically increased its position in Bitcoin through its spot Bitcoin ETF product, MSBT, purchasing an additional 220.721 BTC today, equivalent to $14.53 million in investment. As of now, its total Bitcoin holdings have exceeded 3,700 BTC, reaching a current total of 3,779 BTC, with an estimated market value of approximately $236 million at current prices.
Morgan Stanley Adds 220,721 BTC, Total Holdings Exceed 3,700 BTC
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Summary
Morgan Stanley added 220,721 BTC to its holdings through its MSBT spot Bitcoin ETF, investing $14.53 million. The BTC price remained stable amid this move. The firm now holds 3,779 BTC, surpassing the 3,700 BTC mark. With BTC dominance steady, the total value of its Bitcoin holdings is approximately $236 million.
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