Strategies to transfer another billion dollars of Bitcoin to Fidelity as Mizuho doubles down on its target of $484.
The strategies are transferring a billion dollars of Bitcoin to Fidelity while Mizuho maintains its target of $484 for MSTR, as traders watch for a critical retest of the 200-week moving average.
Strategy, formerly known as MicroStrategy, transferred a new batch of 11,642 Bitcoin to Fidelity custody yesterday, according to chain-tracking data shared by market analysts. The recent transfer is valued at approximately a billion dollars at current prices and continues to push the company to accumulate its holdings with the asset manager.
With this move, Strategy has now sent approximately 177,351 BTC, worth about $16.5 billion, to Fidelity in total. The transfers appear in several large blocks, each marked as a transfer from Strategy wallets to "Fidelity custody," highlighting the scope of the company's Bitcoin treasury operations as it adjusts how and where its coins are held.$BTC
