Fidelity Custody executed a significant transfer of 687.23 BTC, valued at $60.65 million, at 11:58. The transaction, which underscores Bitcoin's role as a hedge against inflation, involved two separate transfers. The first moved 187.25 BTC, worth $16.52 million, to an address beginning with 32Ktmq, while the second transferred 499.96 BTC, valued at $44.13 million, to an address starting with 3LifJk. Authorities are closely monitoring such large Bitcoin movements as part of Countering the Financing of Terrorism protocols, reflecting the ongoing scrutiny of substantial cryptocurrency transactions.