Major U.Southward. investment bank Morgan Stanley has more than doubled its shares of Grayscale Bitcoin Trust since Apr.

According to a report from the United States Securities and Substitution Commission, or SEC, filed Sept. 27, the Morgan Stanley Europe Opportunity Fund, which invests in established and emerging companies throughout Europe, endemic 58,116 shares of the Grayscale Bitcoin Trust, or GBTC, as of July 31. At the time of publication, the price of GBTC is $34.28, making the investment bank's exposure to Bitcoin (BTC) roughly $2 million — Morgan Stanley reported thatthe shares toll $ii.4 million.

Previous filings show that Morgan Stanley has increased its shares of GBTC by more than than 105% since Apr. Cointelegraph reported in June that the investment bank held 28,298 GBTC, worth roughly $ane.three 1000000 at the time.

Morgan Stanley has been gaining more exposure to BTC in 2022. The house's Europe Opportunity Fund aims at maximum capital appreciation by investing in "high quality established and emerging" Europe-based companies that the team considers "undervalued at the time of purchase."

In April, the investment banking concern announced information technology would be adding Bitcoin exposure to 12 investment funds through Grayscale and cash-settled futures. The depository financial institution later led a $48 million funding round for Securitize, a Coinbase-backed tokenization platform — the action represented Morgan Stanley's kickoff capital investment foray into blockchain.

Related: Morgan Stanley exec says Bitcoin is the 'Kenny from South Park' of money

Ark Invest nether CEO Cathie Forest besides has a significant investment in the Grayscale Bitcoin Trust. In July, the firm reported it had purchased more than 450,000 GBTC shares in 2 separate buys. At the time of publication, Ark Invest and its institutional funds agree more than than 8.iii million GBTC shares, making its GBTC holdings roughly 0.69% of its portfolio.