Fidelity: The supply of Bitcoin on exchanges is falling due to purchases by public companies
"We have seen that the supply of Bitcoin on exchanges has decreased due to purchases by public companies, something we expect to accelerate in the near future," reported Fidelity on the social media platform X.
The reserves of Bitcoin on cryptocurrency exchanges have fallen to their lowest level in more than six years, as publicly traded companies increase their accumulation of the digital asset following the U.S. presidential elections, according to Fidelity Digital Assets.
