Strategy Linked Wallets Move $297 Million Worth of Bitcoin in Under 9 Hours

A recent flurry of activity has been observed on the Bitcoin blockchain involving Strategy-linked wallets. According to on-chain data provided by Lookonchain and attributed to Arkham Intelligence, these wallets moved a total of 3,568 BTC worth approximately $297 million within a nine-hour period.

The 11 transfers involved moving Bitcoin between wallets linked to Strategy. Notably, the transferred funds were not sent to major exchanges such as Binance or Coinbase.

Some of the addresses involved in these transactions have also been associated with Fidelity custody. This raises the possibility that the transfers could be related to wallet or custody management.