As this trend gathers speed, investment banks have also decided that they do not want to be left behind. A recent filing from Morgan Stanley (NYSE:MS) shows a purchase of a 10.9% stake in business intelligence firm MicroStrategy, a move that was likely made in order to gain exposure in Bitcoin. With 70,470 Bitcoin in their possession, MicroStrategy has become a proxy play on Bitcoin.
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Source: Cryptocurrency - investing.com
