In the past two months, Strategy has transferred 58,390 BTC to Fidelity Custody to reduce reliance on Coinbase

Arkham releases the latest update on Strategy's Bitcoin holdings: Strategy has been diversifying custodians to reduce reliance on Coinbase. Over the past two months, it has transferred 58,390 Bitcoins (currently valued at $5.1 billion) to Fidelity Custody.

Fidelity Custody employs a pooled account system, where client assets are mixed, including some of Strategy's Bitcoins, which are also combined with assets from other Fidelity clients. This means that on the Arkham platform, more of Strategy's Bitcoins are now displayed under the name of Fidelity Custody rather than under Strategy's own name. Including the Bitcoins deposited in Fidelity Custody, Arkham tracks approximately 92% of Strategy's Bitcoins. Strategy holds a total of 641,692 Bitcoins (valued at $56.14 billion), of which 165,709 Bitcoins (valued at $14.5 billion) have been sent to Fidelity Custody.