Cryptocurrencies 18,108
Market Cap $2.26T
BTC Dominance 56.26 %

Cryptocurrencies : 18,108

Total Market Cap : $2.26T

BTC Dominance : 56.26 %

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Mkt Cap $2.26T BTC Dom 56.26 % BTC BTC $63,395.00 ▲ +1.40% ETH ETH $1,880.30 ▲ +2.40% USDT USDT $0.999164 ▲ +0.00% BNB BNB $588.06 ▲ +2.10% USDC USDC $0.999519 ▲ +0.00% XRP XRP $1.08 ▲ +2.70% SOL SOL $73.56 ▲ +3.50% TRX TRX $0.327122 ▼ -0.10% FIGR_HELOC FIGR_HELOC $1.00 ▼ -3.10% WBT WBT $55.23 ▲ +1.30% HYPE HYPE $52.49 ▲ +1.20% DOGE DOGE $0.070535 ▲ +3.20% USDS USDS $0.999964 ▲ +0.00% RAIN RAIN $0.012955 ▲ +3.70% LEO LEO $9.76 ▼ -0.10% ZEC ZEC $490.90 ▲ +4.30% ADA ADA $0.187662 ▲ +9.30% XMR XMR $364.36 ▲ +0.40% LINK LINK $8.34 ▲ +4.20% XLM XLM $0.173841 ▲ +2.40% DAI DAI $1.00 ▲ +0.00% CC CC $0.116106 ▲ +0.20% BCH BCH $213.49 ▲ +3.40% USD1 USD1 $0.999148 ▲ +0.00% GRAM GRAM $1.42 ▲ +2.40% Mkt Cap $2.26T BTC Dom 56.26 % BTC BTC $63,395.00 ▲ +1.40% ETH ETH $1,880.30 ▲ +2.40% USDT USDT $0.999164 ▲ +0.00% BNB BNB $588.06 ▲ +2.10% USDC USDC $0.999519 ▲ +0.00% XRP XRP $1.08 ▲ +2.70% SOL SOL $73.56 ▲ +3.50% TRX TRX $0.327122 ▼ -0.10% FIGR_HELOC FIGR_HELOC $1.00 ▼ -3.10% WBT WBT $55.23 ▲ +1.30% HYPE HYPE $52.49 ▲ +1.20% DOGE DOGE $0.070535 ▲ +3.20% USDS USDS $0.999964 ▲ +0.00% RAIN RAIN $0.012955 ▲ +3.70% LEO LEO $9.76 ▼ -0.10% ZEC ZEC $490.90 ▲ +4.30% ADA ADA $0.187662 ▲ +9.30% XMR XMR $364.36 ▲ +0.40% LINK LINK $8.34 ▲ +4.20% XLM XLM $0.173841 ▲ +2.40% DAI DAI $1.00 ▲ +0.00% CC CC $0.116106 ▲ +0.20% BCH BCH $213.49 ▲ +3.40% USD1 USD1 $0.999148 ▲ +0.00% GRAM GRAM $1.42 ▲ +2.40%
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Morgan Stanley Boosts 10 Percent Stake In Bitcoin Of MicroStrategy

The result of MicroStrategy’s purchase in Bitcoin is paying off as its shares have skyrocketed and also a big investment from Morgan Stanley. 

Securities and Exchange Commission released a filing on 8th January, that investment bank Morgan Stanley had acquired 792,627 shares in business intelligence firm MicroStrategy. The investment shows a 10.9% stake in a firm that has made massive investments in Bitcoin over the past several months.

The purchase was made on 31st December. MicroStrategy saw a massive increase in shares from $289 on Dec. 8 to $545 as of Jan. 8.

Back in August, MicroStrategy had taken a huge step into crypto by making bitcoin its primary reserve asset. The CEO Michael Saylor said at that time, “This is not a speculation, nor a hedge. It is a deliberate corporate strategy to adopt the Bitcoin Standard.”

Recently, a few weeks before MicroStrategy announced a $400 million securities offering with the stated purpose of raising funds to buy more Bitcoin. On 21st December, the firm had stockpiled 70,470 Bitcoin.

Currently, MicroStrategy's bitcoin is worth over $2.8 billion.

Morgan Stanley, the Institutional investors have warmed up to crypto-assets considerably over the past year. Many believe that the bitcoin bull market is somewhat contributed by institutions.

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