Bitcoin Outflow Accelerates: Trump Expected to Boost Public Companies' Large Purchases
Fidelity Digital Assets recently pointed out that Bitcoin is rapidly flowing out of exchanges, primarily driven by large purchases from public companies, and this trend is expected to accelerate.
Since the U.S. elections, Trump's relaxed expectations for the crypto market have boosted investor confidence, with public companies increasing their purchases by nearly 350,000 Bitcoins. Currently, the supply of Bitcoin on exchanges has dropped to 2.6 million, the lowest since 2018. Over 425,000 Bitcoins have been transferred since November 2024, particularly significant after Trump's victory, with notable outflows in the market.
(e.g. Strategy has increased its holdings by 107,000 since November 2024, with holdings continuing to grow. Eight public companies have Bitcoin holdings exceeding 10,000 and are steadily rising.)
The market value of these companies' Bitcoin relative to their stock market value is between 1.4 and 2.25, expected to release about $50 billion in liquidity. Asian public companies like Meta Planet are also increasing their Bitcoin allocations, planning to double their holdings. Meanwhile, the U.S. government holds over 183,000 Bitcoins, and with the advancement of compliance legislation, this number may grow, injecting more confidence into the market. As traditional funds enter and Trump's reserves solidify, the market's optimistic expectations for Bitcoin will continue to rise.
In addition to Bitcoin, on the other hand, SOL is capitalizing on the potential of the retail-favorite meme sector! This has created a new wave of memes, with families with spare money daring to layout some promising meme coins early. Among them, meme coins associated with Trump are particularly popular, especially the heroic dog Co nan, backed by Trump's strong IP and active community, with a market value of only about $7.9 million, and the number of holders has exceeded 12.1K and continues to grow, making it highly potential to become a dark horse in the bull market!
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$BTC $SOL $XRP
