Bitcoin Treasuries said in a post on X that Fidelity, which manages $7.8 trillion in assets, views perpetual preferred shares issued by bitcoin treasury companies as the latest catalyst for BTC demand. According to the post, Fidelity said preferred shares have funded purchases of more than 135,000 BTC over the past year and change, equal to 0.5% of bitcoin’s total supply. Fidelity also said bitcoin is becoming increasingly scarce, making it a strong complement to preferred shares. The remarks point to preferred-share financing as a notable channel for corporate bitcoin accumulation, based on the figures cited in the post.
ChainCatcher reported that Bitcoin Treasuries said in a post on X that Fidelity, which manages $7.8 trillion in assets, sees perpetual preferred shares issued by bitcoin treasury companies as the latest catalyst for BTC demand.
According to the post, Fidelity said preferred shares have funded the purchase of more than 135,000 BTC over the past year and change, equivalent to 0.5% of bitcoin’s total supply. Fidelity also said BTC is becoming increasingly scarce, making it a strong complement to preferred shares.
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