The post Fidelity Digital Assets: Bitcoin’s ‘Ancient Supply’ Now Outpacing New Issuance for First Time in History appeared on BitcoinEthereumNews.com.

New research reveals a historic shift in Bitcoin’s supply dynamics as long-term holders accumulate coins faster than miners produce them Fidelity Digital Assets has released groundbreaking research revealing that Bitcoin has reached a historic milestone: for the first time since its creation, coins that haven’t moved for 10 years or more, dubbed “ancient supply”, are accumulating faster than new bitcoins are being mined. According to the  firm’s latest analysis, an average of 566 bitcoin per day is entering the ancient supply category, compared to the current daily mining reward of 450 Bitcoin following the 2024 halving event. This represents a fundamental shift in the cryptocurrency’s supply dynamics. A $360 Billion Phenomenon The scale of Bitcoin’s ancient supply is staggering. Fidelity’s research shows that nearly 3.4 million bitcoin have joined this ultra-long-term category since January 1, 2019—the date when Satoshi Nakamoto’s coins first reached the 10-year threshold. At Bitcoin’s price of $107,000 as of June 9, 2025, this ancient supply represents over $360 billion in value. A Bitcoin supply squeeze seems all but inevitable has more BTC turns ‘ancient’, the BTC price continues its steady climb, and institutional treasury stacking mounts. The research indicates that ancient supply now accounts for more than 17% of Bitcoin’s total issued supply, with approximately one-third owned by the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto. While some portion of these coins may be lost or inaccessible, their continued dormancy reinforces what Fidelity describes as the “long-term conviction of this cohort.” Even Diamond Hands Have Limits Despite their legendary holding power, Fidelity’s analysis reveals that even the most committed Bitcoin holders respond to market conditions. Since the 2024 U.S. election, ancient supply has declined on a day-to-day basis 10% of the time—nearly four times the historical average of around 3%. “If the highest-conviction group of bitcoin holders is…

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Filed under: News - @ June 20, 2025 2:28 pm