Morgan Stanley Surpasses $609 Million in Bitcoin Holdings
Morgan Stanley has significantly increased its Bitcoin holdings to over $609 million after making aggressive purchases in recent weeks.
The bank's MSBT fund, which invests in Bitcoin, has seen sustained inflows despite volatile market conditions. In the past week alone, Morgan Stanley bought approximately $62.2 million worth of BTC.
This marks a significant milestone for the bank as it continues to accumulate Bitcoin at a rapid pace. The fund's consistent purchases have not been interrupted by any outflows over an 11-day period, indicating strong demand from investors.
In contrast, BlackRock recorded $19.2 million in Bitcoin outflows on the same day, sparking speculation that Morgan Stanley is aggressively accumulating BTC while other institutional players see capital flight.