Strategy Inc. Doubles Bitcoin Holdings with $1 Billion Move to Fidelity

Strategy Inc., formerly MicroStrategy, has expanded its Bitcoin holdings by a significant $1 billion. The company transferred the funds to Fidelity’s custody service, solidifying its position as a publicly traded Bitcoin proxy. This move comes alongside Mizuho Financial Group’s reaffirmation of their buy rating on Strategy with a $484 price target, demonstrating continued confidence in the firm’s leveraged Bitcoin strategy.