Strategy Purchases 535 BTC, Holdings Reach 818,869; Morgan Stanley Bitcoin ETF Records Zero Net Redemptions in First Month

BTC-0.81%

According to ChainCatcher, Strategy, Inc. (NASDAQ: MSTR) purchased 535 BTC on May 11 for approximately $43 million, bringing total holdings to 818,869 BTC with an average cost of $75,540 per coin. The company funded the purchase through $42.9 million in equity financing and $1 million from its preferred stock program.

Morgan Stanley Bitcoin Trust (NYSE Arca: MSBT), which launched on April 8, recorded zero net redemptions during its first full trading month, with assets under management maintaining positive growth. MSBT charges a 0.14% management fee, the lowest among U.S. spot Bitcoin ETFs. U.S. spot Bitcoin ETFs overall have recorded six consecutive weeks of net positive inflows.

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