Bitcoin Exchange Reserves Hit Historic Low as Institutional Buyers Drive Supply Down

A recent report from Fidelity Digital Assets reveals that Bitcoin’s supply on exchanges has hit a historic low, marking a significant shift in how institutional investors are positioning their crypto holdings. The report highlights the acceleration of public company purchases, driving down available supply and contributing to the price surge of Bitcoin. 2018 lows are being reached with over 350,000 BTC acquired by publicly traded companies since November alone, including notable examples like MicroStrategy’s purchase of $285,980 in BTC. This trend is further fueled by robust inflows into US spot Bitcoin ETFs, which suggest a growing level of institutional trust and confidence in the asset.