Morgan Stanley acquired an additional 42.979 Bitcoin worth approximately $3.6 million through its MSBT spot Bitcoin ETF, withdrawing the assets from a Coinbase Prime hot wallet. The latest purchase brings the firm's total Bitcoin holdings to 9,261 BTC, valued at roughly $779 million.
The accumulation was tracked via on-chain data monitoring the movement of funds from Coinbase Prime to Morgan Stanley's designated wallets. This transaction marks another incremental increase in the institution's crypto exposure as it continues to build its position through regulated ETF products.
Morgan Stanley Adds 42.9 Bitcoin, Total Holdings Reach 9,261 BTC
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.