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Fidelity: Purchases by public companies have led to a drop in the supply of Bitcoin on exchanges
2025-04-24 12:58

Odaily News Fidelity Digital Assets, the crypto business unit of Fidelity Investments, posted on the X platform that the supply of Bitcoin on exchanges is declining due to the purchase of Bitcoin by listed companies, and this trend is expected to accelerate in the near future. Here are some of the trends that are currently happening:
1. Exchanges hold 2.6 million Bitcoins, the lowest level since November 2018.
2. Since November 2024, more than 425,000 bitcoins have been transferred out of exchanges.
3. After the US election, listed companies increased their holdings of nearly 350,000 bitcoins.
4. Since 2025, listed companies have purchased more than 30,000 bitcoins per month.