Cryptocurrencies 21,588
Market Cap $2.89T
BTC Dominance 58.23 %

Cryptocurrencies : 21,588

Total Market Cap : $2.89T

BTC Dominance : 58.23 %

LIVE
Mkt Cap $2.89T BTC Dom 58.23 % BTC BTC $83,879.00 ▼ -0.54% ETH ETH $2,684.12 ▼ -0.12% USDT USDT $0.999833 ▲ +0.01% BNB BNB $772.90 ▼ -0.85% XRP XRP $1.56 ▲ +1.88% USDC USDC $0.999931 ▲ +0.01% SOL SOL $121.68 ▲ +4.22% TRX TRX $0.337814 ▼ -0.74% ZEC ZEC $1,539.25 ▼ -0.27% FIGR_HELOC FIGR_HELOC $1.03 ▼ -0.34% HYPE HYPE $91.59 ▼ -1.84% DOGE DOGE $0.097913 ▲ +2.15% XMR XMR $559.06 ▼ -0.67% LINK LINK $13.80 ▲ +4.55% WBT WBT $83.69 ▼ -0.89% USDS USDS $0.999834 ▼ 0.00% ADA ADA $0.254468 ▲ +2.68% RAIN RAIN $0.012105 ▼ -0.04% LEO LEO $8.83 ▼ -0.77% XLM XLM $0.218945 ▲ +2.88% BCH BCH $339.56 ▲ +0.08% NEAR NEAR $5.09 ▲ +9.11% UNI UNI $9.62 ▲ +4.08% LTC LTC $71.35 ▲ +0.06% CC CC $0.1278 ▲ +11.40% Mkt Cap $2.89T BTC Dom 58.23 % BTC BTC $83,879.00 ▼ -0.54% ETH ETH $2,684.12 ▼ -0.12% USDT USDT $0.999833 ▲ +0.01% BNB BNB $772.90 ▼ -0.85% XRP XRP $1.56 ▲ +1.88% USDC USDC $0.999931 ▲ +0.01% SOL SOL $121.68 ▲ +4.22% TRX TRX $0.337814 ▼ -0.74% ZEC ZEC $1,539.25 ▼ -0.27% FIGR_HELOC FIGR_HELOC $1.03 ▼ -0.34% HYPE HYPE $91.59 ▼ -1.84% DOGE DOGE $0.097913 ▲ +2.15% XMR XMR $559.06 ▼ -0.67% LINK LINK $13.80 ▲ +4.55% WBT WBT $83.69 ▼ -0.89% USDS USDS $0.999834 ▼ 0.00% ADA ADA $0.254468 ▲ +2.68% RAIN RAIN $0.012105 ▼ -0.04% LEO LEO $8.83 ▼ -0.77% XLM XLM $0.218945 ▲ +2.88% BCH BCH $339.56 ▲ +0.08% NEAR NEAR $5.09 ▲ +9.11% UNI UNI $9.62 ▲ +4.08% LTC LTC $71.35 ▲ +0.06% CC CC $0.1278 ▲ +11.40%
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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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