Arkham Analyst Clarifies Strategy's 3,568 BTC Transfer as Internal Fidelity Rebalancing

Arkham analyst Emmett Gallic clarified that the recent transfer of 3,568 BTC by Strategy was an internal rebalancing within Fidelity's custody system, rather than a sale or external transfer. Fidelity treats customer BTC as fungible assets and performs internal movements as needed. The addresses involved have been identified as belonging to Fidelity.