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Fidelity buys 437 $BTC worth $45 million.
Fidelity, a major financial institution, purchased 437 Bitcoin (BTC) for $45 million, signaling growing institutional adoption of cryptocurrency as a store of value, a trend that began accelerating with corporate investments like MicroStrategy’s $425 million Bitcoin buy in 2020.
The purchase price implies Bitcoin’s value at approximately $103,000 per coin, aligning with CoinMarketCap’s reported price of $103,184.22 on May 10, 2025, reflecting a significant rise in BTC’s market value amid increasing demand and mainstream acceptance.
Fidelity’s involvement in crypto dates back to 2014 with Bitcoin mining, and their 2018 launch of Fidelity Digital Assets shows a long-term commitment to digital currencies, now expanding into direct BTC purchases and offerings like Bitcoin ETFs for retail and institutional investors.
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