Bitcoin reserves on cryptocurrency exchanges have reached their lowest level since November 2018, primarily due to substantial purchases made by publicly traded companies following the US presidential election, according to Fidelity Digital Assets. The supply on exchanges has decreased to approximately 2.6 million BTC, with over 425,000 BTC moved off exchanges since November, marking a trend indicative of long-term investment. Fidelity reported that nearly 350,000 BTC were acquired by publicly traded companies during this period. A significant portion of these purchases comes from Strategy, a firm co-founded by Michael Saylor, which has acquired about 286,000 BTC. Notably, firms in Asia, including Japan's Metaplanet and Hong Kong's HK Asia Holdings, have also begun employing similar strategies to build their Bitcoin reserves, with Metaplanet aiming to double its holdings this year.

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