Morgan Stanley Adds Record-Breaking 43 Bitcoin to MSBT Holdings
Morgan Stanley has added more than 42.9 BTC to its MSBT holdings through its spot Bitcoin exchange-traded fund. This latest withdrawal brings the firm's total Bitcoin holdings to 9,261 BTC, valued at approximately $779 million.
The withdrawal was made from a Coinbase Prime hot wallet and is valued at around $3.6 million. Morgan Stanley's total Bitcoin holdings are now worth about $779 million, up significantly from previous totals.
This latest movement follows Morgan Stanley's Bitcoin holdings surpassing 9,000 BTC for the first time. The firm has been increasing its Bitcoin holdings in recent months, with this latest addition further solidifying its position in the cryptocurrency market.