Arkham identifies $7.5B more in Strategy’s Bitcoin holdings

Blockchain intelligence company Arkham boldly and controversially disclosed that it identified Bitcoin wallet addresses it believes Strategy, previously known as MicroStrategy, owns.

The software company is known as the largest Bitcoin holder.

According to Arkham’s X post, it identified another 70,816 BTC as belonging to Strategy’s wallets.

Arkham states that the additional amount represents 87.5% of the total Bitcoin MicroStrategy owns.

The amount also covers cryptocurrencies Fidelity Digital’s omnibus custody service stores.

Arkham states that, prior to its discovery, no one had ever publicly linked the addresses to MicroStrategy.

The claims by Arkham come in the wake of Saylor discussing the dangers of making wallet addresses public.

At the Bitcoin 2025 event in Las Vegas, Saylor cautioned that publishing wallet addresses puts companies with Bitcoin holdings at risk.

“No institutional grade or enterprise security analyst would think it’s a good idea to publish all of the wallet addresses such that you can be traced back and forth,” Saylor said.

He noted that making wallet details public allows others to track ongoing transactions, putting the company at risk in ways that might not be instantly clear.

Saylor highlighted his viewpoint by encouraging people to explore the issue through artificial intelligence.

The executive stated that if AI thoroughly analyzed the security problems tied to publishing wallet addresses, it might produce a report spanning “50 pages.”

Bitcoin’s transparency and privacy matters in crypto could see heavy influence from this occurrence.

Every Bitcoin transaction appears on a publicly accessible ledger.

People can now track ownership, even when large institutions attempt to conceal their activities.

Arkham belongs to an expanding group of crypto intelligence platforms that focus on enhancing transparency in crypto asset ownership.

Arkham’s efforts could signal the beginning of greater accountability among major crypto investors.

However, institutions might now reconsider the ways they store and manage their cryptocurrency holdings.