Strategy Moves Another $1B in Bitcoin to Fidelity as Mizuho Doubles Down on $484 Target.

Strategy moves $1B in Bitcoin to Fidelity as Mizuho maintains its $484 MSTR target, while traders eye a critical retest of the rising 200-week moving average.

Strategy Inc. has moved another 1 billion dollars’ worth of Bitcoin into Fidelity’s custody as it deepens its role as a listed BTC proxy. At the same time, Mizuho reiterates a 484 dollar buy target and chart analyst James E. Thorne highlights the “Munger Rule” as Strategy retests its rising 200-week moving average.

Strategy Inc., formerly MicroStrategy, has moved a fresh batch of 11,642 Bitcoin to Fidelity’s custody in the past day, according to on-chain tracking data shared by market analysts. The latest transfer is worth about 1 billion dollars at recent prices and continues the company’s push to consolidate its holdings with the asset manager.

With this move, Strategy has now sent roughly 177,351 BTC, valued near 16.5 billion dollars, to Fidelity in total. The transfers appear in several large chunks, each labeled as moving from Strategy wallets to “Fidelity Custody,” underscoring the scale of the company’s Bitcoin treasury operations as it adjusts how and where its coins are held.