🔥Did you know that the supply of Bitcoin on exchanges fell due to increased purchases by public companies? 🤔
In a report made by a subsidiary of #Fidelity , it indicates that the reserve of #bitcoin in the #exchanges of #Criptomonedas has fallen to its lowest level since 2018. This coincides with greater accumulation of Bitcoin by publicly traded companies after the elections in the United States.
According to Fidelity Digital Assets, the supply of Bitcoin on exchanges has fallen to 2.6 million of #BTC , a level not seen since 2018. Additionally, more than 425,000 BTC have been moved out of exchanges since November 2024. Another data point to consider is that, during this same period, 350,000 BTC were acquired by publicly traded companies.
This is not only a trend in the United States, but we are also seeing publicly traded companies in Asia showing interest in Bitcoin. Companies like Metaplanet and HK Asia Holding have started accumulating BTC.
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