Fidelity has been quietly accumulating Bitcoin, purchasing over 5,000 BTC in the past week. This brings the total Bitcoin holdings of Fidelity's exchange-traded fund (FBTC) to over 176,000 BTC, valued at $11 billion. This strategic acquisition solidifies Fidelity's position as a major institutional player in the crypto market and highlights their continued confidence in the asset. This purchase is in line with a broader trend of institutional investors increasing their Bitcoin exposure. Additionally, MicroStrategy has also been actively expanding its Bitcoin holdings, recently acquiring 7,420 BTC and bringing their total to approximately 252,220 BTC, valued at $15 billion.



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