Fidelity: Bitcoin supply on exchanges is falling due to purchases by public companies

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PANews
04-24
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PANews reports on April 24th that Fidelity Digital Assets, the cryptocurrency division of Fidelity Investment Group, posted on X platform stating that the Bitcoin supply on exchanges is declining due to purchases by listed companies - and this trend is expected to accelerate in the near future. Here are some current trends:

  • Exchanges currently hold 2.6 million Bitcoins, the lowest level since November 2018.
  • Over 425,000 Bitcoins have been withdrawn from exchanges since November 2024.
  • After the US election, listed companies have added nearly 350,000 Bitcoins.
  • From 2025 to date, listed companies have been purchasing over 30,000 Bitcoins per month.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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