Analyst: Strategy's BTC Transfer Is Routine Internal Movement Within Fidelity Custody

Arkham analyst Emmett Gallic clarified that the recent on-chain transfer of 3,568 BTC (approximately $297 million) by Strategy was not a sale or a transfer to an external platform. The movement was a routine internal reallocation within Fidelity's custody system, where BTC is treated as a fungible asset. The addresses involved have been identified by Arkham as belonging to Fidelity's custody services.