Morgan Stanley Bitcoin Increase and Solana Transfer to Coinbase Could Not Be Confirmed
Key Facts
This follows an earlier TokenPost report dated November 12 that said the Morgan Stanley Bitcoin Trust added 295.067 bitcoin on November 11, bringing its reported total holdings to 11,189 bitcoin, worth about $815 million. Those previously reported figures apply to the period and report cited and do not confirm a new development on November 14. Morgan Stanley shares closed at $190.65 on November 13, according to EL7 data. Coinbase shares also ended the session at $127.65, but the closing price does not establish that assets were transferred to the company.
Morgan Stanley Investment Management launched the Morgan Stanley Bitcoin Trust, known by the ticker MSBT, on April 8, 2026, as an exchange-traded product that seeks to track bitcoin’s performance. The launch places the company’s exposure to the digital asset in a publicly disclosed investment product, while subsequent filings show information on its balance and value. As of June 30, 2026, the trust disclosed that it held 5,059.30771216 bitcoin, with a fair value of $299,012,624. Those figures apply to the trust’s balance on that date and do not establish total institutional holdings on November 14.
The trust’s filing with the U.S. Securities and Exchange Commission recorded a 14.01% decline in net asset value per share between the start of operations on April 7 and June 30, 2026. The filing linked the decline to a 13.98% drop in the price of bitcoin over the same period. Morgan Stanley said bitcoin price volatility “is expected to have a direct and significant impact on the trust’s net assets and operating results.” The notice highlights the sensitivity of the trust’s asset value and results to moves in the cryptocurrency, according to the filing. The performance data cited also cover the period ended in June and do not provide an update on the trust’s performance or holdings in the November 14 session.
In the latest financial results available in the information provided, Morgan Stanley said on October 14 that third-quarter 2026 revenue was $20.3 billion, compared with $18.2 billion in the third quarter of 2025. Diluted earnings per share were $3.03, versus $2.80 in the year-earlier period. The results provide context on the company’s financial performance but do not confirm the bitcoin figures or the Solana transfer attributed to it on November 14. The trust’s sponsor also disclosed that Sally Diffley resigned as chief financial officer on October 30. Swapnil Parab took over the role effective November 4, 2026, according to the trust’s filing with the U.S. Securities and Exchange Commission.