Bitcoin reserves on encrypted currency exchanges have decreased to their lowest level in more than six years, as companies circulating publicly increase the accumulation of digital assets after the US presidential elections, according to the digital assets.
“We have seen Bitcoin’s offer to drop the stock exchanges due to the company’s public purchases – which is something we expect to accelerate in the near future,” Fidelity I mentioned On the social media platform x.
Felletti said that Bitcoin supplies (BTC) on stock exchanges decreased to nearly 2.6 million BTC, the lowest level since November 2018. More than 425000 BTC has moved from the stock exchanges since November, and the trend often has been a sign of long -term investment instead of short -term trading.
Over the same period, the companies circulated to the public have acquired approximately 350,000 BTC, Fidelity said.
Fidelity Digital Assets is a subsidiary of Fidelity Investments, and is the asset manager of $ 5.8 trillion, its headquarters in Boston, Massachusetts. Fidelity Digital was established in 2018, long before the coded currency is a category of institutional assets.
Fidelity is the source of the Fidelity Wise Fund, and is one of the first 11 adequate ducts on the United States.
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The strategy dominates the purchases of the public company
While Fidelity referred to large purchases of companies, most of the accumulation was driven by strategy, the business intelligence company that turned into Bitcoin, which was co -founded by Michael Sailor.
Since November, the strategy has acquired 285,980 BTC, representing 81 % of about 350,000 BTC, which was purchased by the companies circulating to the public.
The latest purchase of the 6556 BTC strategy was revealed on April 21.
Outside the United States, companies circulated publicly in Asia have adopted a strategy similar to the Treasury Department in Bitcoin, where Hong Kong’s holdings increased in Hong Asia, Hong Kong, Hong Kong.
Metaplanet currently has 5000 BTC, where CEO Simon Jerovic said his goal is to double this amount this year.
Meanwhile, HK Asia Holdings has announced plans to raise nearly $ 8.35 million to increase Bitcoin reserves.
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