Arkham Intelligence Unveils MicroStrategy’s Bitcoin Holdings With Fidelity
Blockchain analytics platform Arkham Intelligence says it has identified “98% of MicroStrategy's on-chain holdings” — roughly 186,000 Bitcoin (BTC) out of the firm's total 190,000 BTC wallet.
In the year In a February 16 X post, Arkham claimed that the Office of Business Intelligence had added MicroStrategy to its publicly available cryptocurrency wallet database. According to the firm, approximately 107,000 BTC of MicoStrategy's crypto “Fidelity with other clients' BTC” is held, while 79,000 BTC “is held separately, including Coinbase Prime.”
Microstrategy is now on Arkham.
We believe we have identified 98% of MicroStrategy's on-chain holdings, totaling 186K BTC. Arcam is the first to publicly identify these addresses.
107K Fidelity seems to be held together with other clients' BTC, so it's included in our… pic.twitter.com/kapesz2b5C
— Arkham (@ArkhamIntel) February 16, 2024
Arkham's research tallied the largest holdings of MicroStrategy's bitcoins – approximately $9.7 billion at the time of publication, with a BTC price of $52,000. The company's data on Fidelity Custody showed more than 174,000 BTC in wallets from exchanges from Coinbase, Foundry USA and Gemini. It is unclear where the other 4,000 BTC controlled by MicroStrategy will be kept.
MicroStrategy Executive Chairman Michael Seiler announced on February 7 that the company acquired 850 BTC in January, bringing the company's total Bitcoin holdings to 190,000. The company began buying Bitcoin in August 2020, announcing a $250 million crypto purchase as part of its push to adopt BTC as a reserve asset.
Related: A Micro-Strategy List in the S&P 500 Index Could Expose Millions to Bitcoin
Arkham, aims for “deanonymiz”.[e] The blockchain has previously offered bonuses to cryptosleuths who can provide information to identify wallets held by high-profile individuals, including Terra co-founder Do Kwon. After the US Securities and Exchange Commission approved BTC exchange-traded products in January, Arkham separated ETFs from BlackRock, Bitwise, Fidelity and Franklin Templeton on the chain.
Many crypto users have criticized Arkham's approach to disclosing wallet addresses and their owners, calling the organization an “accessible” service. Some wallet owners have come under attack after online fraudsters were able to learn their physical addresses and other identifying information.
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