news 
Bitcoin (BTC) Scarcity Rising: Public Companies Pull Coins Off Exchanges, Fidelity Reports
A significant trend is unfolding in the cryptocurrency market, as publicly traded companies are increasingly withdrawing Bitcoin from exchanges, a phenomenon that has caught the attention of financial experts and investors alike. According to a recent report by Fidelity Digital Assets, this surge in acquisitions by publicly traded companies has led to an unprecedented increase in Bitcoin scarcity.
The data suggests that over 425,000 BTC have been removed from exchanges since November, with nearly 350,000 BTC acquired by publicly traded companies during the same period. This massive outflow of coins from exchanges has sparked concerns about a potential shortage of the cryptocurrency in the market.
Strategy, co-founded by Michael Saylor, appears to be leading this movement, having amassed an impressive 285,980 BTC, accounting for approximately 81% of the total corporate acquisitions over this period. In another significant development, President Trump’s recent announcement on China tariff U-turn has sent Bitcoin prices soaring past $94,000.
In a related move, the CME has made a major XRP move, which Ripple CEO has described as a “milestone moment.”
Source: https://www.crypto-news-flash.com/bitcoin-btc-scarcity-rising-public-companies-pull-coins-off-exchanges-fidelity-reports/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-btc-scarcity-rising-public-companies-pull-coins-off-exchanges-fidelity-reports
