Arkham identified 87% of Strategy Bitcoin wallets
Arkham identified 70,816 Strategy's BTC
Blockchain analytics firm Arkham Intelligence has publicly claimed it has identified 87.5% of Strategy’s Bitcoin holdings, linking the company—formerly known as MicroStrategy—to previously undisclosed wallet addresses containing 70,816 BTC, worth approximately $7.6 billion at current market prices.
Combined with other known wallets, Arkham says Strategy’s total identifiable holdings now stand at $54.5 billion.
The revelation follows long-standing comments from Strategy co-founder and executive chairman Michael Saylor, who has repeatedly emphasized the security risks of revealing wallet addresses. Speaking at the Bitcoin 2025 conference, Saylor stated that publishing such data “is not a good idea,” warning that full transparency could expose companies to significant long-term threats.
Key takeaways
- Arkham identified 70,816 BTC in new wallets allegedly linked to Strategy, totaling $7.6B in value.
- The firm says it has uncovered 87.5% of Strategy’s Bitcoin holdings, totaling $54.5B.
- Saylor has previously warned that revealing wallet addresses poses major institutional security risks.
Arkham’s claims and blockchain tracing
In a statement posted to social media, Arkham wrote: “Saylor said he would never reveal his addresses. So, we did.” The analytics firm claims its internal methods have enabled it to map Strategy’s Bitcoin stash with a high degree of confidence.
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However, the wallets have not been verified by Strategy, raising questions about the attribution's accuracy.
Security implications and Saylor’s stance
Saylor has long been a vocal advocate for Bitcoin, but also for operational caution. He argued that exposing wallet addresses invites undue scrutiny on all future transactions and poses a long-term security threat, likening the risk to one an AI would detail across “50 pages.”
Strategy’s Bitcoin holdings. Source: 21shares
While Arkham’s findings have sparked curiosity across the crypto space, they also reopen the debate around privacy vs. transparency in institutional Bitcoin holdings. With no confirmation from Strategy, the claims remain speculative, albeit bold.
The incident underscores growing tension between open-source blockchain intelligence and corporate confidentiality—an issue that is unlikely to disappear soon.
Earlier we reported Strategy buys $765 million in Bitcoin amid class action lawsuit.
