Strategy has transferred approximately $5.1 billion worth of BTC from Coinbase to Fidelity Custody in the past two months to diversify custody risks.

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According to Arkham's monitoring, Strategy has transferred 58.39k BTC (approximately $5.1 billion) from Coinbase to Fidelity Custody in the past two months to diversify custody risks. Fidelity employs a hybrid custody system, where some of Strategy's Bitcoin is mixed with other clients' assets and presented on-chain by the Fidelity Custody entity. Currently, Arkham tracks approximately 92% of Strategy's total holdings, totaling 641.69k BTC (approximately $56.14 billion), of which 165.7k BTC (approximately $14.5 billion) are custodied by Fidelity.

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