Fidelity bought approximately $236.72 million worth of Bitcoin after its Wise Origin Bitcoin Fund, known by the ticker FBTC, recorded $236.7 million in net inflows on November 5, 2026, according to Farside Investors data. Because FBTC holds Bitcoin directly rather than futures contracts, client money entering the fund translates into purchases of the underlying asset. The inflow was more than twice the fund's $103 million intake on October 13 and far exceeded the $23 million to $25 million recorded on several other 2026 trading days. FBTC charges a 0.25% annual expense ratio and uses Fidelity Digital Assets for custody. Separately, Fidelity Digital Assets said preferred stock offerings by Bitcoin treasury companies helped finance purchases of 135,979 BTC through early October 2026, representing more than 0.5% of Bitcoin's circulating supply. The activity underscores ETF flows and corporate treasury purchases as important channels of Bitcoin demand.