Fidelity: "US institutional investors have launched a long-term Bitcoin holding strategy"

"US Institutions Expanding BTC Holding Strategy in Investment Strategies"
"US Institutional BTC Purchase Reaches Approximately 430,000 After Presidential Election"

Global asset management firm Fidelity announced that the Bitcoin (BTC) holdings on exchanges have reached a 7-year low according to the institutional long-term holding strategy.

Fidelity reported through a report released on the 24th that Bitcoin holdings on cryptocurrency exchanges recorded 2.6 million, marking the lowest level since 2018.

Fidelity explained that numerous institutional investors, including listed companies in the US, are aggressively accumulating Bitcoin, leading to a sharp decrease in Bitcoin holdings on exchanges. The Fidelity report stated, "After November 2024, approximately 425,000 Bitcoins left the exchanges" and "US listed companies purchased about 530,000 Bitcoins after the US presidential election, while institutional investors have been acquiring 30,000 Bitcoins monthly".

Fidelity claimed that institutional investors have embarked on a long-term Bitcoin holding strategy. The report noted, "US institutional investors are expanding Bitcoin's role in corporate financial strategies" and "This is due to an increasing preference for Bitcoin as a hedging asset against US dollar weakness and inflation".

Reporter Seung-won Kwon ksw@blockstreet.co.kr