Morgan Stanley: $150 Billion Bitcoin Investment Possibly Incoming
Here come the corporations. This party is getting ready to get really wild!
Morgan Stanley’s investment arm is reportedly considering a $150 million bitcoin investment
An investment unit under Morgan Stanley is exploring a $150 million bitcoin buy, according to Bloomberg.
Bloomberg reported Morgan Stanley Investment Management’s Counterpoint Global unit was looking into the investment, citing people familiar with the investment. Bloomberg reported the investment would require regulatory approval.
The investment would be one of several high-profile moves into cryptocurrency from well-established companies, banks, and investment firms. Bank of New York Mellon, the country’s oldest financial institution, planned to offer bitcoin transactions, according to The Wall Street Journal. Mastercard on Thursday said it would allow merchants to accept select cryptocurrencies.