Morgan Stanley Bitcoin bet: Up with MicroStrategy, down with Grayscale

Last year, Morgan Stanley began buying up Grayscale Bitcoin Trust, at one point owning as much as 13 million GBTC shares.
Last year, Morgan Stanley began buying up Grayscale Bitcoin Trust, at one point owning as much as 13 million GBTC shares.
Wall Street’s Morgan Stanley just can’t stop buying Grayscale Bitcoin Trust as it awaits potential conversion to a spot exchange-traded fund.
Morgan Stanley is now MicroStrategy’s second largest shareholder after asset king BlackRock, which controls 16.5%.