Fidelity Doubles Down: $166M Bitcoin & Ethereum Injection Signals Institutional Crypto Confidence
Wall Street's quiet crypto accumulation just got louder. Fidelity—the $4.9 trillion asset manager that once mocked Bitcoin—just funneled another $166 million into BTC and ETH treasury reserves. Guess those 'volatile' assets look tasty when traditional markets flatline.
Behind the institutional curtain:
- Treasury teams now treat crypto like corporate bonds—just with 10x the volatility and 100x the memes
- The move follows MicroStrategy's latest billion-dollar Bitcoin binge, proving even boomer funds fear missing out
One cynical take? This reeks of hedge fund alchemy—turning printed dollars into 'digital gold' before the next inflation report drops. But when the world's third-largest asset manager keeps stacking sats, maybe the dinosaurs finally evolved.
