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Bitcoin reserves on cryptocurrency exchanges have plummeted to their lowest level since November 2018, driven by aggressive accumulation from publicly traded companies. Fidelity Digital Assets reports a significant shift toward long-term holding, with firms like Strategy leading the charge.
- Public companies have withdrawn over 425,000 BTC from exchanges since November, signaling long-term holding.
- Strategy, led by Michael Saylor, accounts for 81% of corporate Bitcoin purchases with 285,980 BTC acquired.
- Asian firms like Metaplanet and HK Asia Holdings are expanding Bitcoin reserves, mirroring U.S. institutional trends.
📎 Related coverage from: cointelegraph.com