Strategy has transferred 58,390 BTC to Fidelity Custody in the past 2 months to reduce reliance on Coinbase.
BlockBeats News, November 26th, Arkham released the latest update on Strategy's Bitcoin holdings: In order to reduce reliance on Coinbase, Strategy has been diversifying its custodians. Over the past two months, it has transferred 58,390 bitcoins (currently valued at $5.1 billion) to Fidelity Custody.
Fidelity Custody operates under a pooled account structure, where client assets are co-mingled, including some of Strategy's bitcoins, which are mixed with Fidelity's other clients' assets. This means that on the Arkham platform, more of Strategy's bitcoins are now shown under the entity of Fidelity Custody rather than under Strategy's own entity. Including the bitcoins held in Fidelity Custody, Arkham has tracked about 92% of Strategy's bitcoins. In total, Strategy holds 641,692 bitcoins (valued at $56.14 billion), with 165,709 bitcoins (valued at $14.5 billion) already sent to Fidelity Custody.
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