New research from Fidelity Digital Assets: Bitcoin-focused perpetual preferred stocks have financed the purchase of 135,979 BTC in just over a year, accounting for more than 0.5% of bitcoin's total supply. These products represent roughly $12 billion of a global fixed income market valued at $150 trillion. "This illustrates the vast, largely untapped potential for further investment in bitcoin-adjacent products within the fixed income space." "Even modest adoption within the vast fixed income market could materially reshape bitcoin's supply-demand dynamics, positioning these instruments as a potentially powerful new driver of long-term value."
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