Emmett Gallic, an analyst at on-chain analytics platform Arkham (ARKM), stated that Strategy's transfer of 3568 BTC (approximately $297 million) over the past 9 hours was not a sale but a normal fund movement that occurred internally within Fidelity Custody. He added, "Fidelity treats all customer BTC assets as fungible assets and moves funds as needed. These addresses are already marked as Fidelity-owned addresses on Arkham."
