Latest news with #FidelityDigitalAssets
Crypto Insight
26-07-2025
- Business
- Crypto Insight
35 companies now hold at least 1,000 Bitcoin as corporate adoption booms
Corporate adoption of Bitcoin is accelerating, with 35 publicly traded companies now holding at least 1,000 BTC each, signaling growing institutional interest in the world's largest cryptocurrency. Demand for Bitcoin is soaring among public companies four months after US President Donald Trump's executive order outlined the creation of a federal Bitcoin reserve for the world's largest economy. According to Chris Kuiper, vice president of research at Fidelity Digital Assets, at least 35 public companies have now surpassed 1,000 BTC in holdings on their balance sheets, worth more than $116 billion at the time of writing, up from 24 companies at the end of Q1. The growing Bitcoin-holding companies signal a 'notable increase in Bitcoin exposure,' said Kuiper in a Thursday X post. 'Bitcoin purchases became more widely distributed across public companies rather than concentrated among a few large buyers,' he added. Fidelity's data was published shortly after Bitcoin flipped Amazon's $2.3 trillion market capitalization to become the world's fifth-largest asset by total valuation, Cointelegraph reported on July 14. Following the new wave of institutional buying, over 278 public entities are now holding Bitcoin, up from 124 just weeks ago, according to The US leads all countries with 94 public entities holding Bitcoin, followed by Canada with 40 and the UK with 19 public BTC holding entities. Corporate Bitcoin investments rise 35% in Q3 2025 The growing institutional accumulation saw total Bitcoin purchases increase 35% quarter-on-quarter, from 99,857 BTC in the first quarter of 2025 to 134,456 BTC in the second quarter. 'Not only did the total purchases increase from Q1 to Q2 of 2025 […], but there are a lot more companies doing the buying,' said Fidelity's Kuiper. Bitcoin's open interest, which is near record levels, also points to growing institutional engagement, according to Iliya Kalchev, dispatch analyst at digital asset platform Nexo. 'Open interest in Bitcoin futures remains elevated above $45 billion, just shy of its historical peak, pointing to continued institutional engagement and speculative leverage,' the analyst told Cointelegraph, adding that the 'short-term trend remains sideways, but positioning suggests markets are bracing for a pivotal stretch.' Source:
Crypto Insight
21-07-2025
- Business
- Crypto Insight
US bank lobby challenges crypto firms' bids for bank licences
US banking groups have urged the country's banking watchdog to postpone its decision on crypto companies' bank licenses until more details about their plans are public, claiming that allowing the bids would be 'a fundamental departure' from current policy. The American Bankers Association and other bank and credit union trade groups said in a letter to the Office of the Comptroller of the Currency (OCC) on Thursday that its approval of national bank charters for the likes of stablecoin issuers Circle Internet Group and Ripple Labs 'would raise significant policy and process concerns.' 'There are significant policy and legal questions as to whether the Applicants' proposed business plans involve the types of fiduciary activities performed by national trust banks,' the groups argued. Circle, Ripple and Fidelity Digital Assets are among a recent group of crypto-focused firms that have applied for banking licenses with the OCC, which would essentially allow them to be their own bank, settle payments faster and be regulated at a federal level, allowing them to operate in every state. Banks want a pause on greenlighting charters for crypto The groups have asked the OCC to postpone its decision on the crypto firms' charter bids, claiming that the public portions of their applications 'do not provide sufficient information for the public to assess or provide meaningful comment on the Applicants' proposed business models and operations.' They added that the public should also be able to scrutinize the OCC if it allows the applications, adding it would be a departure from long-standing policy as the business models put forward by the crypto companies 'do not involve the types of fiduciary activities historically performed by national trust charter banks.' 'Providing custodial services for digital assets is not a fiduciary activity, and granting charters where traditional fiduciary activity is absent — or, is secondary at best — would represent a significant change in OCC policy that should be made only pursuant to a proper public notice and comment period,' the groups wrote. They said if the crypto firms are allowed to be national trust banks that provide 'traditional banking services like payments,' then other companies could follow, which the groups said would present a 'material risk to the US banking and financial system.' 'Interesting reaction' by banking groups Caitlin Long, the founder of crypto-focused bank Custodia Bank, posted to X on Saturday that the group's issue on whether trust charters can be used as 'de facto bank charters' with just a fraction of the capital requirements is 'very likely to be litigated.' 'Interesting reaction by the bank trade associations to fight,' she added. 'If what they fear will happen ends up happening, then why wouldn't banks just convert to trust companies and keep their existing businesses at a small fraction of the capital requirements and regulations?' Venture firm Paradigm's government affairs head, Alexander Grieve, said in response to the letter that 'banks and credit unions rarely agree on anything. But they seem to agree that they're finally about to have some competition from crypto.' Expect more crypto firms wanting bank charters Logan Payne, a crypto-focused lawyer at Winston & Strawn, recently told Cointelegraph that the newly passed stablecoin laws under the GENIUS Act create an incentive for stablecoin issuers to seek a banking license. A new stablecoin license under the laws would limit a crypto firm's activity to only issuing stablecoin, but Payne said that 'pretty much every stablecoin issuer in the United States issuing under US law right now engages in activities outside the scope of that license.' He said a stablecoin issuer would need state-level money transmission licenses to operate nationally, even with the new GENIUS Act license, creating an incentive for stablecoin issuers to apply for a national trust bank charter with the OCC. Payne said the charter 'allows for them to engage in stablecoin issuance plus a wider range of activities, but without having to get state-to-state licenses.' Source:
Yahoo
25-04-2025
- Business
- Yahoo
Bitcoin Reserves on Exchanges Drop to Lowest Level in Over Six Years as Public Companies Purchase 425,000 BTC
Bitcoin reserves on exchanges have dropped to their lowest levels since November 2018, with a significant decrease observed since November 2024. This reduction, totaling more than 425,000 BTC, is largely attributed to public companies acquiring the digital asset. According to Fidelity Digital Assets, the current supply of Bitcoin on exchanges is approximately 2.6 million BTC, marking the lowest level in over six years. Publicly traded companies have been responsible for purchasing nearly 350,000 BTC, a trend that is expected to continue growing in the near future. One of the primary drivers behind these acquisitions is Strategy, a firm co-founded by Michael Saylor. Since November 2024, Strategy has accumulated 285,980 BTC, making up a significant portion of the total Bitcoin bought by public companies. The latest purchase by Strategy, 6,556 BTC, was disclosed in April 2025. Additionally, companies outside the U.S. are also adopting similar strategies. Metaplanet, a company in Japan, holds 5,000 BTC and aims to double that number this year. In Hong Kong, HK Asia Holdings has announced plans to raise $8.35 million to increase its Bitcoin reserves. The removal of Bitcoin from exchanges has had a noticeable effect on the market. Between April 19 and 23, 15,000 BTC left exchanges, coinciding with Bitcoin's price rising above $93,000. This followed a previous period when Bitcoin inflows to exchanges surged by 15,000 BTC. These movements suggest that investors may be moving their Bitcoin off exchanges for long-term storage, rather than selling or trading it. This pattern of accumulating Bitcoin off exchanges is often seen as a sign of long-term investment. Despite the increasing demand from institutional investors, overall market liquidity remains low. The demand for Bitcoin has decreased by 146,000 BTC over the past 30 days, although this is less than the 311,000 BTC decline seen in March 2024. Additionally, momentum from new buyers has slowed, with a drop of 642,000 BTC over the last month. Spot Bitcoin ETFs have also seen minimal activity in 2025, with net outflows of 10,000 BTC, compared to net purchases of 208,000 BTC by this time in 2024. The decrease in Bitcoin on exchanges has contributed to a shift in market dynamics, with smaller retail players becoming more active. The Exchange Whale Ratio, a measure of large traders' dominance, fell below 0.3 in April 2025, indicating that retail investors are having more influence on the market. Despite this, Bitcoin's price remains volatile, and a sudden shift in market conditions could push Bitcoin past $98,000, though strong demand signals are necessary for sustained growth. Sign in to access your portfolio
Yahoo
08-04-2025
- Business
- Yahoo
Is Bitcoin About to Go Parabolic?
For many crypto investors, it might seem impossible that Bitcoin (CRYPTO: BTC) could come roaring back to life and skyrocket higher in 2025. After all, Bitcoin is down almost 30% from an all-time high of $109,000 in January, and the intensifying global trade war threatens to cut any nascent crypto rally short. However, according to a recent report from Fidelity Digital Assets, the price of Bitcoin could actually be ready to skyrocket. All signs point to Bitcoin having one last major rally in 2025. So is Fidelity right? To answer this question, it's important to understand the historical four-year Bitcoin cycle: An accumulation phase, a growth phase, an acceleration phase, and a crash phase. The real profits are made during the acceleration phase, when Bitcoin becomes highly volatile, and suddenly shoots higher. This phase is the culmination of a super-frothy, super-speculative rally that takes Bitcoin to new highs. Fidelity thinks this will happen as soon as Bitcoin regains the $109,000 level. If that happens, it's all systems go, and you'd better buckle your seatbelt, because Bitcoin is about to skyrocket higher. The good news is that, according to different key indicators used by Fidelity, Bitcoin still appears to be in the acceleration phase. In this context, says Fidelity, the recent decline is nothing out of the ordinary. In previous acceleration phases, Bitcoin also had significant, double-digit drawdowns. According to the myth and lore that has developed around Bitcoin, this is when you need to have "diamond hands" (and not "paper hands"). In other words, you need to hold on to your Bitcoin with rock-hard determination, despite intense market volatility. But there's just one catch: The time remaining for such a rally is rapidly disappearing. Fidelity Digital Assets has carefully studied past Bitcoin cycles, and determined that we are close to the end of the typical acceleration phase. Previous acceleration phases have lasted for 244, 261, and 280 days. As of April 4, we are currently more than 250 days into the current acceleration phase. So if Bitcoin doesn't shoot higher before the start of summer, it may be the end of the acceleration phase. That's when Bitcoin could really be in trouble. As noted above, the fourth phase of the four-year cycle is the crash phase, when Bitcoin's value sinks like a rock. By now, you've probably mentally noted a few red flags. The first red flag is that all of this analysis is based on Bitcoin's performance during previous market cycles. And, as we all know, past performance is no guarantee of future results. This is especially important to keep in mind with Bitcoin, because it is a relatively new digital asset. The second red flag is that this parabolic rally scenario doesn't take into account the current macroeconomic reality. In other words, "Liberation Day" -- the day that the Trump White House introduced sweeping global tariffs against nearly every nation in the world -- might not be so liberating for Bitcoin or any other asset. It's up to you to decide if investors will move into Bitcoin as a haven from the global macroeconomic storm. In the first day of trading after tariffs were announced, Bitcoin appeared to hold up better than many tech stocks. That could be a sign that investors have not given up on Bitcoin quite yet. If you believe in the Bitcoin cycle, you also need to believe that the acceleration phase will eventually be followed by a crash phase. This was the case in 2014, 2018, and 2022, when Bitcoin suffered staggering declines of 58%, 74%, and 64%. Moreover, there's not much time left for Bitcoin to go parabolic. So even if you manage to load up on Bitcoin in the coming weeks or months, you are likely to see the value of those holdings crash back to earth in late 2025 or early 2026. That's just the way Bitcoin works. Investing in Bitcoin has never been for the faint of heart. The best way to invest in Bitcoin is to take a long-term approach, such that you are not constantly checking the price of Bitcoin every 24 hours. Bitcoin is still the one crypto that you can buy and hold forever, as long as you can accept its boom-and-bust cyclical nature. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Dominic Basulto has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Is Bitcoin About to Go Parabolic? was originally published by The Motley Fool
Yahoo
02-04-2025
- Business
- Yahoo
Fidelity's new IRA lets you invest in crypto at no fee
On Apr. 2, Fidelity Investments launched a new individual retirement account (IRA) that lets American adults invest in cryptocurrencies in a tax-friendly manner. All U.S. adults can add Bitcoin, Ethereum, and Litecoin to their retirement portfolios under the product if Fidelity is offering these services in the state they reside in. The firm is offering tax-free (Roth) and tax-deferred (traditional and rollover) IRA accounts to its customers. While there are no fees to open or maintain an IRA or crypto custody with Fidelity, it will charge a spread of 1% on the execution price of crypto buy and sell transactions. Fidelity Digital Assets, a a subsidiary of Fidelity Investments, is claiming to offer institutional-level crypto custody services to the customers. It holds the majority of its crypto assets in 'highly secure' cold storage, the firm claims on the website. Cold storage is the practice of storing a crypto wallet or keys offline, i.e., away from the internet, to protect the assets from hacks, exploits, or other vulnerabilities typically associated with online storage. Fidelity Investments, one of the world's largest asset managers, already offers crypto exchange-traded funds (ETFs). Launched in 2024, its spot Bitcoin ETF is worth $16.65 billion, and its spot Ethereum ETF is worth $762.7 million as of Apr. 1, as per SoSoValue. On March 11, it requested the regulator to permit the latter to stake its Ether holdings. The asset manager also applied to list a spot Solana ETF on March 25. As reported on March 26, the firm is testing a stablecoin too, though it does not have any plans for launch. Sign in to access your portfolio
