Fidelity: Perpetual preferred shares have become the latest demand catalyst for BTC, driving the purchase of over 135,000 BTC

Bitcoin Treasuries posted on platform X that Fidelity, managing $78 trillion in assets, stated that the perpetual preferred shares of Bitcoin Treasury are the latest demand catalyst for BTC. Over the past year, the preferred shares have funded the purchase of over 135,000 BTC, equivalent to 0.5% of the total Bitcoin supply.

Fidelity also stated that the increasing scarcity of BTC makes it a strong complement to the preferred shares.