Morgan Stanley has unveiled its Bitcoin wallet, holding $ 300 million in gray market cap.

Morgan Stanley Investments, a major US bank, expanded its Bitcoin portfolio by purchasing Grayscale Bitcoin Trust Stock.

The Morgan Stanley Insights Fund increased its holdings of Grayscale Bitcoin Trust (GBC) shares to 1,52549 stocks, from 928,051 stocks in the second quarter of 2021 to 1,52549 stocks at the end of September, according to data released by the United States. Securities and Exchange Commission (SEC) Tuesday. an increase of over 63%. Additionally, as company data increased, GBTC shares rose 3,642,118 shares in the third quarter of 2021, up 71% from the 2,130,153 shares in the second quarter. Morgan Stanley Global Portfolio (Morgan Stanley Global Portfolio) held 1,463,714 GBTC shares, up 59% from 919,805 shares in the third quarter.

According to the press release, GBTC was worth $ 4,572, and as of September 30, the value of the company's three shares was 6,626,381 shares, or approximately $ 303 million. For most of September, the value of BTC was below US $ 50,000, but since then crypto assets have hit an all-time high of US $ 69,000 before being sent back to around US $ 56,000.

These investments and investments give Morgan Stanley exposure to Bitcoin without having to invest directly in cryptocurrencies. The Cointelegraph announced in September that the European Opportunity Fund invests in mature and innovative companies across Europe. Its stake in Greyscale Bitcoin Trust has more than doubled since April. However, according to the press release, the money was not reported for further exposure to BTC.