According to Arkham analyst Emmett Gallic's post on X, after further analysis, he believes the recent transfer of approximately 3,720 BTC from Anchorage Digital's custodial cold wallet to internal addresses within Anchorage Digital is more likely related to Strategy. He mentioned that the relevant addresses primarily received funds between July 2025 and January 2026; about 1,700 BTC remains in Anchorage's internal addresses, while the rest was transferred over the past 3 to 4 days to external counterparties like Galaxy and Coinbase Deposits. Emmett noted that Anchorage doesn't have many known large clients, and Strategy is one of its biggest, but this conclusion is still based on on-chain fund behavior analysis and has not been officially confirmed by Strategy or Anchorage. https://(wublock123.com)/news/arkham-analyst-3720-btc-move-linked-to-strategy-64000