Back
Strategy Moves $5.1 Billion in Bitcoin to Fidelity Custody

Strategy Moves $5.1 Billion in Bitcoin to Fidelity Custody

The company has now placed 183,887 BTC with Fidelity Custody, amounting to 28.2% of its total holdings, reinforcing reliance on institutional-grade storage services.

BTC

Summary

Strategy shifted 6,536 BTC valued at over $600 million to Fidelity Custody Deposit within 48 hours, bringing the total held there to 183,887 BTC. This represents 28.2% of the firm’s 650,000 BTC portfolio. The move highlights the growing use of regulated institutional custodians for safeguarding substantial cryptocurrency assets.

Terms & Concepts
  • Fidelity Custody: A cryptocurrency storage service operated by Fidelity Investments, offering secure institutional-grade custody solutions.
  • BTC (Bitcoin): The native cryptocurrency of the Bitcoin network, used for peer-to-peer transactions and as a store of value.
  • Institutional Custodian: A professional financial entity that securely stores large-scale assets, including cryptocurrencies, for corporations and institutional investors.