Morgan Stanley to consider Bitcoin investment: Bloomberg

Tuesday 16 February 2021 13:33 CET | News

Morgan Stanley’s USD 150 billion Counterpoint Global investment unit considers investing in Bitcoin, according to a report by Bloomberg.

Still, to move ahead with an investment the bank needs approval from the regulators, CoinDesk cited Bloomberg. If true, this investment would not be Morgan Stanley’s first exposure to cryptocurrency. Already, it has a nearly 11% stake in the Bitcoin-laden business intelligence company MicroStrategy, per CoinDesk's reporting.

The investment unit manages nearly 20 funds, and Bloomberg reports five of those funds returned gains over 100% in 2020.

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Keywords: Morgan Stanley, cryptocurrency, Bitcoin, investment, US
Categories: DeFi & Crypto & Web3
Countries: United States
This article is part of category

DeFi & Crypto & Web3