Arkham has released an update on Strategy's Bitcoin holdings: Strategy has been diversifying its custodians to reduce its reliance on Coinbase. In the past two months, it has transferred 58,390 bitcoins (currently worth $5.1 billion) to Fidelity Custody. Fidelity Custody uses a mixed account system where client assets are held together, including some of Strategy's bitcoins, which are also mixed with assets held by other Fidelity clients. This means that on the Arkham platform, more of Strategy's bitcoins now appear under the Fidelity Custody entity, rather than Strategy's own entity. Including the bitcoins deposited into Fidelity Custody, Arkham tracks approximately 92% of Strategy's bitcoins. Strategy holds a total of 641,692 bitcoins (worth $56.14 billion), of which 165,709 bitcoins (worth $14.5 billion) have been sent to Fidelity Custody.