Morgan Stanley increased its holdings by 286.693 BTC, bringing the total holdings to 2620 BTC

According to on-chain data, the Morgan Stanley address increased its holdings by 286.693 BTC in two transactions yesterday, with the funds sourced from a Coinbase Prime address, bringing the total holdings to 2620 BTC.

BlockBeats previously reported that Morgan Stanley's investment management division MSIM announced the launch of a stablecoin reserve fund (MSNXX), which is a government money market fund designed specifically for stablecoin issuers, aimed at providing a regulated and secure storage place for the reserves held by issuers that back their tokenized fiat currency versions.