Grayscale Bitcoin Trust, or GBTC, has been purchased by Morgan Stanley for a total of 6.5 million shares. At $37.82 per share, that amounts to nearly $240 million in GBTC. After Cathie Wood's ARK Investment Management, which owns over 9 million shares, the investment bank is the second-largest known investor of GBTC. Because of the six-month holding period, investors have been able to purchase GBTC for less than BTC since March.