Fidelity added 5K Bitcoin last week, now holds about 1% of all BTC ‼️🔈 $BTC
🔘According to data from Arkham Intelligence, Fidelity has been quietly accumulating Bitcoin over the past week, purchasing over 5,000 BTC. This strategic purchase brings the total Bitcoin holdings of the Fidelity exchange-traded fund (FBTC) to over 176,000 BTC.
Fidelity has been buying Bitcoin non-stop for the past 2 weeks.
🔘Based on data from Bitbo Treasures Tracker, these holdings are worth about $11 billion at current market prices.
🔘Fidelity now controls about 1% of the total Bitcoin in circulation, solidifying its position as a major institutional player in the crypto space. The firm’s aggressive accumulation highlights the continued confidence in the asset following the Fed’s rate cut last Wednesday.
🔘Fidelity’s purchase comes as part of a broader trend among institutional investors to increase their exposure to Bitcoin, reinforcing the growing institutional demand for BTC.
🔘Likewise, MicroStrategy has been actively expanding its Bitcoin holdings over the past two weeks. The company recently purchased 7,420 BTC, bringing its total to approximately 252,220 BTC, worth $15 billion.