Strategy Sends $1B BTC to Fidelity as Mizuho Backs MSTR

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 Shifts Another $1 Billion in Bitcoin to Fidelity

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.

Strategy Billion Dollar Bitcoin Move. Source: Arkham / X

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.

Mizuho Reaffirms Buy Rating on Strategy With 484 Dollar Price Target

Meanwhile, Mizuho Financial Group has reaffirmed its buy rating on Strategy Inc., the Bitcoin-focused treasury company formerly known as MicroStrategy, while keeping its 484 dollar price target unchanged. The endorsement signals continued confidence in the firm’s leveraged Bitcoin strategy as it expands both its holdings and balance-sheet instruments tied to the asset.

Mizuho reiterated the rating after recent discussions with Strategy executives, who outlined the company’s approach to debt management, potential equity raises and ongoing Bitcoin accumulation. Analysts said the firm’s structure still supports upside as long as Bitcoin maintains its broader trend and Strategy continues executing its treasury strategy without major shifts.

The note arrives as Strategy’s market value moves in lockstep with Bitcoin’s price swings, making analyst coverage closely watched by investors. Mizuho’s stance places the bank among those that see further room for the stock to climb as the company continues positioning itself as a publicly traded Bitcoin proxy.

Analyst Points to ‘Munger Rule’ on Strategy’s 200-Week Support

Market strategist James E. Thorne says he applies what he calls the “Munger Rule” to Strategy Inc., arguing that the best entries come when price touches an upward-sloping 200-week moving average.

Strategy Munger Rule Weekly Chart. Source: StockCharts / X

In a weekly chart shared on X, Strategy trades near 188.39 dollars while the 200-week simple moving average rises around 141.28 dollars and the 200-week exponential moving average sits close to 184.71 dollars. Thorne notes that, as long as the 200-week line continues to slope higher, he views pullbacks toward that level as potential buy zones.

Source: https://coinpaper.com/12870/strategy-moves-another-1-b-in-bitcoin-to-fidelity-as-mizuho-doubles-down-on-484-target