Fidelity Digital Assets reports a significant decrease in Bitcoin supply on major exchanges, attributing it to direct purchases by publicly listed companies. According to their analysis, exchange holdings have plummeted to approximately 2.6 million BTC, a level not seen since November 2018. Since November 2024, over 425,000 BTC have been withdrawn from exchanges. Fidelity notes that publicly listed companies have accumulated around 350,000 BTC since the last US presidential election, purchasing an average of over 30,000 BTC monthly this year. This trend suggests increasing institutional adoption and long-term holding strategies, potentially impacting Bitcoin's price and availability. The dwindling supply on exchanges could lead to increased price volatility as demand rises. ```
Bitcoin Supply Dwindles on Exchanges: Fidelity Highlights Corporate Buying Spree
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