Fidelity claims perpetual preferred stock drives purchase of over 135000 BTC

Fidelity, which manages $7.8 trillion in assets, stated that the perpetual preferred stock of Bitcoin Treasury is the latest catalyst for BTC demand. Over the past year, it has provided funding for the purchase of more than 135000 BTC, equivalent to 0.5% of the total supply of Bitcoin. The increasing scarcity of BTC makes it a powerful supplement to the preferred stock. (Source: Bitcoin Treasury)