Amidst the smoky haze of the post-election carnival, the alchemists of finance — otherwise known as publicly traded companies — have taken to swiping Bitcoin off the exchanges like a black cat in a dark night. Fidelity Digital Assets murmurs this bizarre tale on the X social media tongue, painting a picture of reserves fleeing to depths unseen for over six years.
“Observe! Bitcoin pools on exchanges shrink not by accident but by design — a ravenous hunger from corporate giants who collect like the devil hoards souls,” Fidelity proclaims with a hint of foreboding and perhaps a hint of envy.
The grand total on the ledger reads approximately 2.6 million BTC hiding away, a wraith of its former glory last seen around the infamous November of 2018. More than 425,000 Bitcoins have tiptoed off the stage since then, likely to rest in vaults where they dream of long-term glory rather than the maddening tango of short-term trade.
And who is the sly puppeteer behind this Bitcoin ballet? The very same publicly-traded companies, which have snagged nearly 350,000 BTC in this shadowy game, Fidelity solemnly reports.
Fidelity Digital Assets, a Boston-born scion of a $5.8 trillion beast named Fidelity Investments, took its first delicate steps into the cryptic world of cryptocurrency back in 2018 — when Bitcoin was but a madman’s fancy, not yet embraced by the high towers.
They also proudly unleash the Fidelity Wise Origin Bitcoin Fund upon the world, one of the very few gatekeepers allowed to parade spot Bitcoin ETFs in the grand US marketplace.
A Grandmaster’s Gambit: Strategy’s Bitcoin Conquest
Yet amidst this corporate frenzy, the true maestro remains Strategy, a firm whose name is both a promise and a threat, co-conjured by the enigmatic Michael Saylor.
Since November’s shadows, Strategy alone has clasped 285,980 BTC — that’s a terrifying 81% of the corporate haul. A colossal feat, worthy of some diabolical symphony if ever there was one.
The latest act in this ongoing saga involved the acquisition of 6,556 BTC, as inked on the scrolls of April 21.
But the plot thickens far beyond America’s foggy banks. Across the misty seas of Asia, companies like Japan’s Metaplanet and Hong Kong’s HK Asia Holdings sharpen their claws, piling up Bitcoin like dragons amassing treasure.
Metaplanet, with a hoard of 5,000 BTC, dreams aloud — or rather, its CEO Simon Gerovich does — of doubling that number and doubling down on their digital lust.
Meanwhile, HK Asia Holdings embarks on an ambitious quest, seeking to raise $8.35 million, presumably to swell their own Bitcoin coffers. Because why not join the grand carnival of digital accumulation?
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2025-04-24 19:08