On-chain researcher: Strategy-related BTC transfers are merely normal internal fund movements within Fidelity custody, not a sale

Odaily report: In response to Lookonchain's monitoring of Strategy transferring out 3,568 BTC over the past 9 hours, on-chain researcher Emmett Gallic stated that the transactions were not a sale or asset relocation, but rather normal internal fund movements within Fidelity Custody.

He stated that Fidelity treats all BTC deposited by clients as interchangeable assets and will transfer funds as needed, and the relevant addresses have also been labeled as Fidelity on Arkham.