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Morgan Stanley's address increased holdings by 286.693 BTC yesterday, bringing the total holdings to 2,620 BTC.
BlockBeats message, May 3, according to on-chain data, Morgan Stanley addresses increased their holdings by 286.693 BTC in two separate purchases yesterday. The funds came from the Coinbase Prime address, and their current total holdings have risen to 2620 BTC.
BlockBeats previously reported that on April 24, Morgan Stanley’s investment management division MSIM announced the launch of a stablecoin reserve portfolio fund (MSNXX). This is a government money market fund designed specifically for stablecoin issuers, aiming to provide a regulated, secure place to store the reserves held by issuers that back their tokenized fiat versions.