Michael Saylor’s MicroStrategy moves billions in Bitcoin
MicroStrategy (Nasdaq: MSTR), the world’s leading Bitcoin (BTC) treasury company, has now been rebranded as Strategy and moves billions of BTC.
Led by co-founder and chairman Michael Saylor, Strategy is a software company that started accumulating Bitcoin in 2020.
It is currently the world’s leading Bitcoin treasury company, holding 649,870 BTC worth more than $58 billion.
Related: 107-year-old bank expects all MSCI indexes to fall from MicroStrategy
But now it is facing challenges on many fronts amid the crypto market crash.
Legendary short seller Jim Chanos confirmed that he shorted MSTR positions.
Later, Wall Street giant JPMorgan warned that major stock indexes, including the Morgan Stanley Capital International (MSCI) US Index, could delist the Strategy due to its crypto treasury model.
Saylor, however, said it was not a fund and the delisting of the potential index had no impact on how the company views itself or operates.
It was then revealed that Wall Street giants, including Capital International, The Vanguard Group and BlackRock (NYSE:BLK), reduced their MSTR holdings in the third quarter of 2025.
Now on-chain intelligence platform Arkham Intelligence revealed This Strategy has moved billions of dollars worth of Bitcoin in the last two months.
However, Arkham clarified that this was not a sale but a diversification of the Bitcoin custodian.
While Coinbase has been Strategy’s long-trusted Bitcoin custodian, Strategy has moved 58,390 BTC, worth approximately $5 billion, to Fidelity Custody in the last 2 months, according to Arkham.
The on-chain intelligence platform explained that Fidelity Custody uses a multi-purpose system where its customers’ assets are aggregated. This means that Strategy’s Bitcoin holdings are mixed with other Fidelity clients.
