Key Takeaways
- Strategy, a major corporate Bitcoin holder, transferred $1 billion in Bitcoin to Fidelity Custody.
- The move represents diversification of Bitcoin storage across multiple custody providers by Strategy.
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Strategy transferred $1 billion worth of Bitcoin to Fidelity Custody, bringing its total coins moved to the custodian to 177,351 worth $16.5 billion. The move represents part of the company’s strategy to diversify its Bitcoin custody across multiple providers.
Fidelity Custody, a service offered by Fidelity Investments, provides secure storage and management solutions for institutional digital assets through an omnibus system where client assets are pooled. The custody service has become a key partner for Strategy’s Bitcoin storage operations.
Strategy has positioned itself as one of the largest corporate holders of Bitcoin, acquiring and managing digital assets as part of its treasury strategy. The company has spread its Bitcoin holdings across multiple custody providers to enhance security and operational flexibility.
The transfer highlights the growing trend of corporations using trusted institutional custodians for Bitcoin storage as part of their digital asset management strategies.
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