In a major disclosure, blockchain intelligence firm Arkham has identified an additional 70,816 Bitcoin (BTC) belonging to Strategy (MSTR), formerly known as MicroStrategy, bringing the total holdings it has tracked to $54.5 billion.
This marks the first time these Bitcoin addresses have been publicly linked to the company, despite CEO Michael Saylor’s previous refusal to reveal them.
Arkham identifies bulk of Strategy’s Bitcoin holdings
Strategy, a business intelligence firm turned BTC giant, has been aggressively accumulating BTC since 2020.
Arkham’s findings now account for 87.5% of the company’s total Bitcoin holdings, including assets held in Fidelity Digital’s omnibus custody. The discovery sheds new light on just how much of MicroStrategy’s value is tied to BTC.
Saylor has long been a vocal BTC advocate, often promoting its role as a corporate treasury asset. Nevertheless, specific wallet addresses are not given by him due to safety issues. By checking on-chain data, Arkham revealed a link between large Bitcoin reserves and MicroStrategy, going around the company’s obscurity.
Information privacy in a world of transparent blockchain
Though Strategy regularly reports its BTC purchases to the SEC, the exact wallet addresses where it stores the coins are kept hidden. Arkham’s achievement demonstrates how blockchain analytics allows revealing even the most secretive crypto holdings.
What Arkham found demonstrates that, unlike traditional finance, blockchain makes every transaction visible. Even large corporations can’t fully hide their crypto movements.
As tracking tools improve, expect more big reveals in the world of institutional Bitcoin holdings. Strategy has yet to comment on Arkham’s findings. But one thing is clear: in the age of blockchain, secrecy is harder to maintain than ever.
BTC reaches a price of $107,277
BTC has recently lost some value, according to the most current data from CoinMarketCap. Currently, BTC’s price is down by 2.50% from its price yesterday.
At the time of writing, the cryptocurrency’s overall valuation has dropped slightly to $2.13 trillion, a decrease of 2.21% in the last day. Trading volume is $48.19 billion, though that is 14.43% below the trading of the previous day.
Such ups and downs in trading volumes tend to mirror mood changes among investors, so that buying and selling are offset by each other. BTC price chart shows significant fluctuations, mainly in a downward direction lately.
After hitting a high of $109,990, Bitcoin’s price has since fallen to around $107,277. The perfect score for this asset on CoinMarketCap shows that it is both reliable and highly rated.