Analyst says the 3568 units of BTC transferred out by Strategy were internal transfers within Fidelity's custody system, not sales
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AT A GLANCE
According to the report, the 3568 units of BTC transferred out by Strategy were said to be internal transfers within Fidelity's custody system, not sales.
Article
Analysis: Strategy transfers out 3568 units BTC This was only an internal transfer within Fidelity's custody system, not a sale
BlockBeats reported that September 29, in response to Lookonchain monitoring that Strategy transferred out 9 hours ago 3568 units of BTC, Arkham analyst Emmett Gallic said these transactions were neither sales nor transfers to external parties, but normal internal fund transfers within Fidelity's custody system.
Fidelity treats all BTC deposited by its clients as fungible assets and transfers funds as needed. The relevant addresses have been labeled as Fidelity addresses on Arkham.
Original link https://m.theblockbeats.info/flash/369455
Key points
01
BlockBeats reported that September 29, Strategy transferred out 9 hours ago 3568 units of BTC。
02
Arkham analyst Emmett Gallic said these transactions were not sales or transfers to external parties, but internal fund transfers within Fidelity's custody system.
03
The relevant addresses have been labeled as Fidelity addresses on Arkham.
04
The article stated that Fidelity treats the BTC deposited by clients as fungible assets and transfers them as needed.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The message means that this BTC transfer allegedly occurred within Fidelity's custody system, and does not mean that Strategy sold the BTC or transferred it to an external address.
Why it matters to readers
If this assessment is correct, the market may have less concern about Strategy making a large-scale sale; however, it is currently only a media report of an analyst's view.
When seeing a large BTC transfer, one cannot determine that a sale occurred based solely on the transfer amount; the destination and address labels must also be examined.
Risks and unknowns
Strategy, Fidelity, or either party to the on-chain transfer has not directly confirmed this assessment in the original article.
The original article does not clearly specify the exact destination address of the relevant transfer.
The original article provides no evidence of an actual sale or transfer to a trading platform.
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Related concepts
Custody
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