Arkham Intelligence, a blockchain analytics firm, has revealed it identified previously undisclosed Bitcoin addresses tied to Strategy, a company formerly known as MicroStrategy.
The firm uncovered 70,816 BTC belonging to Strategy, valued at approximately $7.6 billion at current prices. This discovery accounts for 87.5% of Strategy’s total Bitcoin holdings, bringing the total identified stash to $54.5 billion, including assets held in Fidelity Digital’s omnibus custody.
In a bold statement, Arkham declared, “Michael Saylor said he would never reveal his addresses. So, we did.” This move directly challenges Saylor’s long-standing stance on privacy. At the Bitcoin 2025 conference in Las Vegas, Strategy’s co-founder and executive chairman emphasized the risks of publicizing wallet addresses. “No institutional-grade or enterprise security analyst would think it’s a good idea to publish all wallet addresses for the world to track a company,” Saylor stated, highlighting potential vulnerabilities for Bitcoin-holding firms.
The revelation comes at a time when Strategy’s Bitcoin strategy has been under scrutiny. In the first quarter of 2025, the company reportedly earned $5.8 billion from its Bitcoin investments, though it also posted a loss exceeding $4 billion. Strategy has been aggressively accumulating Bitcoin since 2020, with its total holdings now at 580,250 BTC, worth over $61 billion as of early June 2025.
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Arkham’s findings have sparked a broader debate about transparency versus security in the crypto space. While some see this as a step toward accountability for major Bitcoin holders, others worry it could expose firms to targeted attacks.
For now, Strategy’s Bitcoin hoard remains a focal point of both admiration and controversy in the evolving landscape of corporate crypto adoption.
Author: Slava Vasipenok
Founder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.
Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.
This is not financial or investment advice. Always do your own research (DYOR).

