Strategy BTC transfer was internal Fidelity Custody move, not a sale

Strategy’s transfer of 3,568 BTC, worth about $297 million, over the past nine hours was a routine internal fund movement within Fidelity Custody rather than a sale, Arkham analyst Emmett Gallic said. Gallic added that Fidelity treats all client BTC holdings as fungible assets and moves funds as needed, and said the addresses had already been labeled on Arkham as Fidelity-owned addresses.