Fidelity: Bitcoin Reserves on Exchanges Plunge
Bitcoin reserves on exchanges have fallen to their lowest levels since November 2018, with a notable decline observed since November 2024. This drop, totaling over 425,000 BTC, is largely due to acquisitions by public companies.
According to Fidelity Digital Assets, the current Bitcoin supply on exchanges stands at approximately 2.6 million BTC, marking the lowest point in over six years. Publicly traded companies have purchased nearly 350,000 BTC, with this trend expected to continue.
A major player in these acquisitions is Strategy, co-founded by Michael Saylor. Since November 2024, Strategy has accumulated 285,980 BTC, significantly contributing to the total bought by public companies.
Their latest purchase, 6,556 BTC, was disclosed in April 2025. Additionally, companies outside the US are adopting similar approaches. Japan’s Metaplanet holds 5,000 BTC and plans to double that amount this year. In Hong Kong, HK Asia Holdings announced plans to raise $8.35 million to boost its Bitcoin reserves.
