Morgan Stanley Unit Boosts Stake in Bitcoin-Loving MicroStrategy
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Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year.
The bank unit held 792,627 shares of MicroStrategy by the end of December, according to a filing with the U.S. Securities and Exchange Commission on Friday. The 10.9% stake had a value of roughly $420 million based on the day’s closing price.