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Morgan Stanley Bets On Bitcoin Indirectly With 10.9% Of MicroStrategy Shares Buying

Mary Liu

Summary: Bitcoin's performance beats other assets in 2020, Morgan Stanley, the investment banking giant also doesn't want to miss it. According to a public document of the Securities and Exchange Commission (SEC),  the bank has purchased 792,627 shares of MicroStrategy, which regard BTC as its reserve assets, accounting for 10.9% of its total shares. The purchase ...

Bitcoin's performance beats other assets in 2020, Morgan Stanley, the investment banking giant also doesn't want to miss it.

According to a public document of the Securities and Exchange Commission (SEC),  the bank has purchased 792,627 shares of MicroStrategy, which regard BTC as its reserve assets, accounting for 10.9% of its total shares. The purchase date is December 31st. MicroStrategy's stock price rose from $289 on December 8 to $545 on January 8.

By Mary Liu

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Link: Morgan Stanley Bets On Bitcoin Indirectly With 10.9% Of MicroStrategy Shares Buying   [Copy]
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