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CryptoSat

Morgan Stanley just bought another $10 million in Bitcoin.


They now hold 1,348 $BTC worth ~$102.76 million.
Big banks are still accumulating.
BTC4,28%
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GateUser-d0eb2d79
· 38m ago
Hopefully, it's not about chasing highs to buy in at a higher price; it's better to use a dollar-cost averaging approach to build a position, as institutions also fear volatility.
Reply0
Pragmatists
· 7h ago
The major banks are buying up again.
View OriginalReply0
LpGrandma
· 8h ago
Hopefully, it's not about chasing highs to buy in at a higher price; it's better to use a dollar-cost averaging approach to build a position, as institutions also fear volatility.
View OriginalReply0
GateUser-9190180e
· 8h ago
Buying coins at the bank = recognizing the scarcity asset attribute; next, it depends on how regulation and interest rate cuts coordinate.
View OriginalReply0
MildlyRugged
· 8h ago
It looks like it's gradually pulling chips away from people who are not confident.
View OriginalReply0
TheProphetOfToast
· 9h ago
10 million is just an accumulation action, possibly implementing a long-term asset allocation hedge against fiat currency depreciation.
View OriginalReply0
GateUser-6857559e
· 9h ago
thanks for the useful information 😊
Reply0
LimeLeverageAlert
· 9h ago
1,348 coins may not seem like a lot, but signals are more important than quantity: they are voting with real money.
View OriginalReply0
GateUser-3e7da866
· 9h ago
Keep accumulating, indicating they don't believe BTC will go to zero.
View OriginalReply0
FrontrunTherapy
· 9h ago
Once they’ve bought enough, then sell customers another set of “compliant, configurable” stories—using the classic process.
View OriginalReply0
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