Bitcoin Supply Plummets as Corporate Purchases Drive Price Surge

Fidelity Digital Assets reports that Bitcoin available on exchanges has hit historic lows, with a 2.6 million BTC supply representing the smallest figure since November 2018. This decline is fueled by growing corporate purchases of the cryptocurrency. Strategy co-founded by Michael Saylor is a leading driver in this trend, having acquired over 285,980 BTC from the nearly 350,000 bought by companies since last November. These purchases are reshaping market dynamics and influencing price trends.