According to Onchain Lens, the latest purchase was worth about $22.48 million and lifted the firm’s Bitcoin position to roughly $205 million.
Morgan Stanley increased its Bitcoin holdings by 286.7 BTC in a purchase valued at about $22.48 million, according to Onchain Lens. The transaction was reported to have occurred about five hours before the update. Following the addition, the firm’s total Bitcoin holdings reached 2,620 BTC, with an estimated value of about $205 million. The disclosure highlights another example of large financial institutions maintaining direct exposure to Bitcoin, the largest cryptocurrency by market value.