Morgan Stanley’s MSBT Adds 100 Bitcoin, Holdings Rise Above 6,300
JOON HYOUNG LEE
Summary
- Morgan Stanley reportedly bought about 100 Bitcoin through the spot Bitcoin ETF MSBT.
- The bank spent about $7.21 million on the latest Bitcoin purchase.
- The latest buy lifted MSBT’s Bitcoin holdings to 6,331, with the position valued at $406 million.
Forecast Trend Report by Period
Morgan Stanley has bought about 100 additional Bitcoin through spot Bitcoin ETF MSBT.
BlockBeats, citing data from blockchain analytics firm Arkham, reported on Aug. 7 that Morgan Stanley recently added about 100 Bitcoin through MSBT. The purchase was worth about $7.21 million.
The latest buy increased MSBT’s Bitcoin holdings to 6,331. The position is currently valued at about $406 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul