Fidelity: Growth Rate of Bitcoin’s “Ancient Supply” Unmoved for Over Ten Years Surpasses Daily New Issuance

Fidelity Digital Assets research indicates that the growth rate of Bitcoin's "ancient supply"—coins that have not moved for over ten years—has surpassed the rate of new daily issuance. Since April 2024, an average of 566 BTC per day have been added to the ten-year holding cohort, exceeding the 450 BTC newly mined each day. Bitcoins held for over ten years now account for 17% of the total circulating supply (approximately 3.4 million BTC, valued at $360 billion), with 33% of this amount attributed to Satoshi Nakamoto, and a portion likely lost forever. Following the 2024 U.S. presidential election, the ten-year holding supply decreased on 10% of trading days, reflecting the impact of market volatility on long-term holders' behavior. Currently, 27 publicly listed companies collectively hold over 800,000 BTC. Fidelity predicts that if companies holding 1,000 BTC or more continue to keep Bitcoin on their balance sheets, by 2035, the supply of "ancient" Bitcoin could exceed 30% of the total circulating supply. (cryptoslate)