Bitcoin Exchange Supply Hits 6-Year Low as Public Companies Accelerate Accumulation

Read also:

• Leveraged ETFs and Gold: The Go-To Strategies for Traders Amid Market Volatility
• Ethereum Foundation Restructures: Focus on User Experience and Layer-1 Scaling
• Solana’s Liquidity Inflows Surge: Can It Overcome Technical Struggles?

The crypto market is undergoing a major shift as publicly traded companies increasingly accumulate Bitcoin, reducing its availability on exchanges. Fidelity Digital Assets reports that Bitcoin reserves on exchanges have hit their lowest level since November 2018 — a sign of rising institutional interest and a growing long-term holding mindset.

Bitcoin Supply on Exchanges Drops to Six-Year Low

According to Fidelity, the current supply of Bitcoin on exchanges sits around 2.6 million BTC — the lowest in more than six years. Since November, over 425,000 BTC have moved off exchanges, indicating that more investors are opting for cold storage or long-term custody solutions. This move is typically viewed as bullish, as it reduces the circulating supply and hints at reduced selling pressure.

***1915386498200830240***

Publicly Traded Companies Are Driving Bitcoin Accumulation

Publicly traded companies are leading the charge in Bitcoin accumulation, with strategy accounting for the majority of corporate holdings:

• Nearly 350,000 BTC have been acquired by publicly traded companies since November, according to Fidelity Digital Assets.
• The largest buyer among them is Strategy — a former business intelligence firm turned Bitcoin treasury-focused company, co-founded by Michael Saylor.
• Strategy alone holds 285,980 BTC, accounting for 81% of the total corporate Bitcoin acquisitions during this period.
• The company’s most recent purchase of 6,556 BTC was disclosed on April 21.

Asia-Based Companies Join the Bitcoin Treasury Trend

Outside the United States, Asia-based firms are also embracing Bitcoin as part of their treasury strategies. Japan’s Metaplanet has accumulated 5,000 BTC, with ambitions to double that amount by year-end. Similarly, Hong Kong’s HK Asia Holdings has announced a capital raise of $8.35 million aimed at expanding its Bitcoin reserves. 

These developments indicate that Bitcoin adoption as a treasury asset is becoming a global phenomenon, not just confined to Western markets. Bitcoin’s fixed supply and long-term growth potential make it an attractive alternative to fiat reserves for companies. As more non-U.S. firms join the trend, Bitcoin could evolve into a truly international corporate reserve asset.

Explore more crypto insights with our Bitscreener Exclusive

Stay updated with daily hot news on Trending New