Bitcoin supply on exchanges is falling ‘due to public company purchases’ — Fidelity

Bitcoin reserves on cryptocurrency exchanges have dropped to their lowest level in more than six years, as publicly traded companies ramp up their accumulation of the digital asset following the US presidential election, according to Fidelity Digital Assets.  “We have seen Bitcoin supply on exchanges dropping due to public company purchases — something we anticipate accelerating in the near future,” Fidelity reported on the X social media platform. 6 million BTC, the lowest since November 2018 source: https://cointelegraph.com/news/bitcoin-supply-exchanges-falling-public-company-purchases-fidelity?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound