Morgan Stanley Massively Increases Bitcoin Exposure Through Microstrategy
Global investment bank Morgan Stanley has increased its bitcoin exposure manyfold by investing in Microstrategy, the Nasdaq-listed company which currently holds about 70,470 bitcoins. Morgan Stanley now has a 10.9% stake in Microstrategy. ‘Even Banks Want Bitcoin’ Global financial services firm Morgan Stanley has significantly increased its exposure to bitcoin, the company’s filing with the U.S. Securities and Exchange Commission (SEC) on Friday shows. Morgan Stanley has declared that it now owns 792,627 shares of Microstrategy. The Nasdaq-listed company has been stacking....
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MicroStrategy's massive push into Bitcoin is paying off, with shares skyrocketing and huge new investment from Morgan Stanley. Per a filing with the Securities and Exchange Commission released on Jan. 8, investment bank Morgan Stanley had acquired 792,627 shares in business intelligence firm MicroStrategy. The investment represents a 10.9% stake in a firm that has made massive investments in Bitcoin over the past several months. The purchase apparently happened on Dec. 31. MicroStrategy has had a colossal month, seeing its shares move from $289 on Dec. 8 to $545 as of Jan. 8. Source:....
Morgan Stanley already has a nearly 11% stake in the bitcoin-laden business intelligence company MicroStrategy.
Morgan Stanley now owns 792,627 shares in the company best known for using its treasury funds to load up on bitcoin.