Morgan Stanley to hold 28,000 Grayscale Bitcoin trust shares, valued over $800,000

The assets were revealed in a monthly portfolio investments report filed to the U.S. Securities and Exchange Commission.

The report details investments by Morgan Stanley, one of which was Grayscale’s Bitcoin Trust. The bank holds 28,289 shares of the bitcoin fund estimated to be worth over $1.23 million at the time of the filing, though that number has dipped with the correction to a bit over $800,000.

The banking giant has been betting big on bitcoin this year. In January, Morgan Stanley purchased a 10.9% stake in MicroStrategy, the business intelligence firm that has been loading up on BTC.

In February, it was reported that the investment arm of the American bank was considering adding bitcoin to its list of hedges. The move followed that big $1.5 billion bitcoin purchase by Tesla.

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