📰 News Alert...
🔖 Title: Bitcoin Supply on Exchanges Hits Six-Year Low Amid Public Company Accumulation
🗓️ Published: 2025-04-24T20:31:00+03:00
📄 Summary: According to Fidelity Digital Assets, Bitcoin reserves on exchanges have fallen to their lowest level since November 2018, totaling approximately 2.6 million BTC. This decline is primarily driven by significant purchases from publicly traded companies, who have acquired nearly 350,000 BTC since the last November. Most of this accumulation has been spearheaded by the business intelligence firm Strategy, co-founded by Michael Saylor, which alone accounted for roughly 81% of the acquisitions. This trend reflects a growing institutional interest in Bitcoin as a long-term investment, further fueled by similar activities from companies in regions such as Asia.
🗞️ Source: Cointelegraph by Sam Bourgi
💓 #Bitcoin #Cryptocurrency #InstitutionalInvesting