๐จ *Fidelity Investments Acquires 1,053 BTC Worth 100 Million* ๐จ
In a significant move, Fidelity Investments has purchased approximately 1,053 Bitcoins, valued at around100 million. This acquisition was executed through two major transactions, each involving roughly 529 and 524 BTC, respectively.
This strategic investment underscores Fidelity's commitment to expanding its cryptocurrency portfolio, even amidst market volatility. The firm's Bitcoin ETF, FBTC, now holds over 199,000 BTC, reflecting sustained institutional interest in digital assets.
Currently, Bitcoin is trading at approximately $108,523, experiencing a slight decrease of 0.99% over the past 24 hours.
Fidelity's substantial purchase may signal a bullish outlook for Bitcoin, potentially influencing market dynamics in the near future.
*Note: Cryptocurrency investments are subject to market risks. Always conduct thorough research before investing.*
