TL;DR
- Strategy transferred an additional 11,642 BTC to Fidelity’s custody, valued at approximately $1 billion, reinforcing its role as a listed Bitcoin proxy.
- The operation raises the total BTC managed with Fidelity to around 177,351, equivalent to $16.5 billion.
- Mizuho reaffirmed its buy rating with a $484 price target, backing its leveraged approach.
Strategy transferred 11,642 additional BTC to Fidelity’s custody, valued at about $1 billion according to the most recent BTC prices.
This move increases the total assets held with Fidelity to roughly 177,351 BTC, equivalent to about $16.5 billion, strengthening the company’s treasury strategy and its role as a publicly listed Bitcoin proxy.
The transactions were executed in large blocks, highlighting the scale and organization of its crypto treasury management. The operation was carried out despite ongoing Bitcoin volatility, demonstrating strategic conviction rather than opportunism.
Strategy Prepares for Any Market Shift
Mizuho Financial Group reaffirmed its buy rating on Strategy Inc. and maintained a $484 price target, instilling confidence in the company’s leveraged strategy and its ability to expand both its Bitcoin exposure and its financial instruments tied to the asset.
The bank issued this reaffirmation after a series of meetings with executives of Michael Saylor’s company, discussing debt management, potential equity raises, and ongoing Bitcoin accumulation. The company’s shares remain closely linked to Bitcoin’s price dynamics, and the rating suggests there is still potential upside in the firm’s market value.
Currently, Strategy trades near $188.39, while the 200-week simple moving average sits at $141.28 and the exponential moving average is around $184.71. This reinforces the view that controlled pullbacks present opportunities to strengthen positions without altering the overall accumulation plan.
The company is a key institutional player in the crypto ecosystem and demonstrates a coordinated approach between asset accumulation and risk management. By centralizing its BTC with Fidelity, the company optimizes its treasury operations and positions itself to capitalize on any market recovery
