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Fidelity rises to become the sixth largest Bitcoin holder in Arkham

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Fidelity rises to become the sixth largest Bitcoin holder in Arkham

The on-chain analytics firm Arkham has stated that Fidelity currently holds over $12.3 billion worth of Bitcoin, making it the 6th largest Bitcoin holder on Arkham's list of analyzed entities.

Fidelity Custodies Bitcoin for MicroStrategy and ETF Issuers

Fidelity is custodian for companies like MicroStrategy and Wise Origin Bitcoin Trust FBTC, holding over 171,000 Bitcoins according to Fidelity's custodian address marked by Arkham. MicroStrategy is the largest client with 107,000 Bitcoins held at Fidelity, with the last deposit in December 2022 of 5,580 BTC.

Note: According to MicroStrategy's latest announcement, they hold 193,000 Bitcoins, indicating that over half are custodied by Fidelity.

FBTC has received a total of 112,900 Bitcoins, with 99,700 already deposited for custody. Just this week, the address received 8,800 Bitcoins.

FBTC Asset Size Exceeds $6.4 Billion

Fidelity's Wise Origin Bitcoin Trust FBTC is one of the top-performing among nine Bitcoin spot ETFs, second only to BlackRock's IBIT. Since its official launch on 1/11, the trading volume has steadily increased, with assets now exceeding $6.43 billion.

Fidelity Continues to Deepen Involvement in Crypto Space

Fidelity, a giant in the asset management industry, has been steadily expanding its presence in the crypto space in recent years. As reported earlier, it has 36 million retail clients and officially opened its Fidelity Crypto platform to customers in 36 states, including New York, last March. Through its existing stock trading app, customers can now access 24/7 cryptocurrency trading with a minimum trade amount of just $1.

Fidelity also partnered with Citadel Securities and Schwab to jointly invest in establishing the exchange EDX, which claims to be a "non-custodial" digital asset exchange providing trading services for retail brokers.

Wall Street Giants Citadel, Fidelity, Schwab Back Exchange EDX, Officially Launched This Week