Morgan Stanley accumulated approximately $400 million in Bitcoin over three consecutive days, according to Arkham Intelligence on-chain data, while BTC traded near $64,000.
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Morgan Stanley holds $400 million in Bitcoin after three-day buying streak
Morgan Stanley accumulated roughly $400 million in Bitcoin over three consecutive days, according to Arkham Intelligence on-chain data, while BTC traded near $64,000.
Arkham Intelligence data shows the bank executed purchases across three straight sessions ending Aug. 7, building its position just months after launching the MSTU Bitcoin ETF in April. The accumulation brings Morgan Stanley's total Bitcoin holdings to approximately $400 million, making it one of the largest bank-held Bitcoin positions on Wall Street.
The purchases come as Bitcoin trades in a tight range around $64,000, with spot ETF inflows providing support. US spot Bitcoin ETFs recorded net inflows of $170.1 million on Aug. 3, $211.5 million on Aug. 4, and $244.4 million on Aug. 5, with BlackRock's IBIT contributing $478.5 million during the first three sessions, according to Giottus data. Morgan Stanley has also introduced what it describes as the lowest-cost Ethereum and Solana ETFs, expanding its crypto product suite beyond Bitcoin.
The bank's sustained accumulation raises questions about whether this reflects long-term conviction or tactical positioning. Market analysts are closely monitoring whether these acquisitions point to structural demand or are aimed at managing liquidity. Bitcoin's immediate support sits at $64,000, with a more significant zone between $63,000 and $63,400. On the upside, BTC must clear $64,900-$65,200 before testing the larger hurdle between $66,000 and $66,600, according to Giottus CEO Vikram Subburaj.
Morgan Stanley's expansion into crypto ETFs — including the MSTU Bitcoin ETF launched in April and its new low-cost Ethereum and Solana products — positions the firm as a key issuer in the institutional crypto market. The bank's moves come as other traditional finance players evaluate their digital asset strategies, with Bitcoin's price action remaining contained despite the institutional buying.
Bitcoin traded at $64,912.67 as of Aug. 7, up 0.78 percent over 24 hours, according to Bitget data. Ethereum held steady at $1,912.85, while Solana gained 1.48 percent to $73.67.
Some analysts view the accumulation as evidence of structural demand from traditional finance, while others note the purchases could be liquidity management rather than directional conviction. The distinction matters for market participants tracking whether institutional flows will push Bitcoin through its $66,600 resistance level. A sustained close above that threshold could open the path toward $67,000 and then $68,700-$69,000, while a break below $63,000 may expose Bitcoin to a deeper correction toward $60,000. The next catalyst is the US jobs report and upcoming inflation data, which could influence the Federal Reserve's interest rate outlook and determine Bitcoin's next major move.
This article is for informational purposes only and does not constitute investment advice.
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