$BTC down nearly 5% over the past week. Morgan Stanley is still quietly accumulating more Bitcoin.
Morgan Stanley’s MSBT spot Bitcoin fund bought about 91.7 BTC two days ago, bringing its total holdings to 10,639 BTC, worth around $880 million.
Several sources tracking institutional flows have also noted that the fund is growing very quickly, going from a few thousand BTC to nearly the $1 billion mark in a short time.
The figures for this latest purchase come from fund data and on-chain tracking, not a direct statement from Morgan Stanley.
The price drop has spooked many retail investors, but institutional money on this side isn’t pulling out at all.
Worth watching today: will the fund keep buying while prices remain weak, or was this a one-off purchase?
Personal observation, not investment advice.
#BTC #Bitcoin #Crypto #MorganStanley
Morgan Stanley’s MSBT spot Bitcoin fund bought about 91.7 BTC two days ago, bringing its total holdings to 10,639 BTC, worth around $880 million.
Several sources tracking institutional flows have also noted that the fund is growing very quickly, going from a few thousand BTC to nearly the $1 billion mark in a short time.
The figures for this latest purchase come from fund data and on-chain tracking, not a direct statement from Morgan Stanley.
The price drop has spooked many retail investors, but institutional money on this side isn’t pulling out at all.
Worth watching today: will the fund keep buying while prices remain weak, or was this a one-off purchase?
Personal observation, not investment advice.
#BTC #Bitcoin #Crypto #MorganStanley