Bitcoin Reserves on Exchanges Plunge to 6-Year Low Amid Corporate Buying Spree, Fidelity reports 

Bitcoin reserves on cryptocurrency exchanges have dropped to their lowest level in more than six years, signaling a shift in market behavior as publicly traded companies ramp up their accumulation of Bitcoin.

A recent report by Fidelity Digital Assets reveals that Bitcoin held on exchanges has fallen to approximately 2.6 million BTC, a level not seen since November 2018. This trend, attributed to aggressive buying by public companies, is expected to accelerate in the near future.

Corporate Powerhouses Fuel Bitcoin Drain from Exchanges

A sharp drop in Bitcoin reserves across exchanges is being driven by aggressive accumulation from public companies, particularly in the aftermath of the U.S. presidential election.

➡️ 2.6M BTC on exchanges, lowest level since Nov. 2018.
➡️ Over 425K bitcoin moved off exchanges since Nov. 2024.
➡️ Public Companies have added nearly 350K bitcoin post-U.S. election.
➡️ Public Companies have bought over 30K bitcoin per month so far in 2025.

— Fidelity Digital Assets (@DigitalAssets) April 24, 2025

According to a Fidelity report, over 425,000 BTC have left exchanges since November—closely mirroring the 350,000 BTC amassed by publicly traded firms during that same timeframe. This trend signals a growing shift toward long-term holding over active trading, as institutional confidence in Bitcoin deepens.

Leading this charge is Strategy, the business intelligence firm turned Bitcoin powerhouse co-founded by Michael Saylor. Since November, Strategy has snapped up 285,980 BTC, accounting for a staggering 81% of corporate acquisitions during the period. Its latest buy—6,556 BTC—was disclosed on April 21.

The wave of institutional adoption isn’t limited to the U.S. In Asia, companies like Japan’s Metaplanet and Hong Kong’s HK Asia Holdings are embracing Bitcoin as a treasury asset. Metaplanet now holds 5,000 BTC, with CEO Simon Gerovich aiming to double that this year.

📈 JUST IN: METAPLANET ACQUIRES 145 BITCOIN FOR $13.6M, BRINGING TOTAL HOLDINGS TO 5,000 BTC! pic.twitter.com/1JXv58DM0q

— Coinwaft (@coinwaft) April 24, 2025

Meanwhile, HK Asia Holdings has announced plans to raise $8.35 million to further bolster its BTC reserves.

JUST IN: 🇭🇰 Publicly traded HK Asia Holdings Limited to raise HK$65,498,320 to buy more #Bitcoin pic.twitter.com/y2cbCbDNlP

— Bitcoin Magazine (@BitcoinMagazine) April 24, 2025

New Hampshire and Arizona Eye Bold Moves Toward Bitcoin Integration

While the Bitcoin market continues to show signs of strength, other U.S. states are exploring how they can integrate Bitcoin into their economies.

In New Hampshire, House Bill 302 (HB 302) is making its way through the state’s legislature. If passed, the bill would allow the state treasury to invest up to 10% of its general funds in cryptocurrencies, including Bitcoin, provided the assets meet a market cap of over $500 billion, a threshold currently met only by Bitcoin.

🇺🇸 State Reserve Race Update:

New Hampshire Bitcoin Reserve Bill HB 302 has passed the Senate Ways & Means Committee, by a 4-1 vote. pic.twitter.com/pKjLyy8EpO

— Bitcoin Laws (@Bitcoin_Laws) April 24, 2025

The bill, which recently passed a key Senate committee with a 4-1 vote, has garnered both support and criticism.

However, during the House debate, Democratic Representative Terry Spahr argued the bill is unnecessary and could risk the future security of the state’s digital assets. He noted the treasurer already has the authority to invest.

Also, Republican Representative Jordan Ulery countered, saying the move could bring in a “large amount of money” and generate strong returns for New Hampshire.

BREAKING: ARIZONA GOVERNOR JUST SIGNED THE RIGHT TO RUN A #BITCOIN NODE INTO LAW

STRATEGIC RESERVE IS NEXT 🚀 pic.twitter.com/eef4f1YmIT

— The Bitcoin Historian (@pete_rizzo_) April 22, 2025

In Arizona, lawmakers are also exploring bold new initiatives, with discussions around creating a strategic Bitcoin reserve to bolster the state’s financial stability. This makes Arizona the first state to consider such an ambitious move, positioning it as a potential leader in state-level cryptocurrency adoption.