Fidelity Acquires $22.8 Million Worth of Bitcoin, Signaling Growing Institutional Backing

Financial giant Fidelity has made a significant move in the cryptocurrency market by purchasing 224.72 BTC worth approximately $22.8 million. This substantial investment from a reputable institution highlights the growing confidence and interest among institutional investors in Bitcoin as a hedge against inflation and economic uncertainty. 2025 marks Fidelity’s latest addition to its crypto portfolio, furthering its commitment to digital assets following recent acquisitions of other cryptocurrencies like Ethereum. Fidelity’s decision indicates a long-term belief in Bitcoin’s potential for future growth.