Bitcoin supply on exchanges is falling ‘due to public company purchases’ — Fidelity

Quick Summary:

Bitcoin reserves on cryptocurrency exchanges have dropped to their lowest level in more than six years, as publicly traded companies ramp up their accumulation of the digital asset following the US presidential election, according to Fidelity Digital Assets. “We have seen Bitcoin supply on exchanges dropping due to public company purchases — something we anticipate accelerating in the near future,” Fidelity reported on the X social media platform.

Source: StrategyStrategy’s latest purchase of 6,556 BTC was disclosed on April 21. Outside the United States, publicly traded companies in Asia have adopted a similar Bitcoin treasury strategy, with Japan’s Metaplanet and Hong Kong’s HK Asia Holdings increasing their Bitcoin allocations. Metaplanet currently holds 5,000 BTC, with CEO Simon Gerovich saying his goal is to double that amount this year.

The Fidelity Digital subsidiary was established in 2018, long before cryptocurrency was considered an institutional asset class. Fidelity is the issuer of the Fidelity Wise Origin Bitcoin Fund, one of the first 11 spot Bitcoin exchange-traded funds approved in the United States.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Sam Bourgi

Category: Crypto

Markets: United StatesHong KongJapan

Topics: 2018 Traded Exchanges Fidelity Digital Cryptocurrency November Lowest Reserves Bitcoin Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 16:55:19 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 369 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28196545

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 37 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions