J.P. Morgan Asset Management increased its BTC holdings by 286.693 coins yesterday, bringing the total holdings to 2620 coins.

BlockBeats News, May 3rd, according to on-chain data, a Morgan Stanley address made two separate purchases totaling 286.693 BTC yesterday. The funds were sourced from a Coinbase Prime address, increasing the total holdings to 2620 BTC.

BlockBeats previously reported that on April 24th, Morgan Stanley's asset management department MSIM announced the launch of a stablecoin reserve portfolio fund (MSNXX). This is a government currency money market fund designed specifically for stablecoin issuers, aiming to provide a regulated and secure storage solution for the reserve funds held by issuers, which back their tokenized fiat currency versions.