According to blockchain analytics platform Arkham Intelligence, it has reportedly identified a substantial portion of MicroStrategy's on-chain assets, accounting for approximately 98% of the total 190,000 Bitcoins (BTC) held in the company's wallets. In a post dated February 16, Arkham announced the addition of business intelligence firm MicroStrategy to its database of public cryptocurrency wallets. The platform claims to have pinpointed around 186,000 BTC of MicroStrategy's cryptocurrency holdings.
Arkham's research reveals that a significant portion of MicroStrategy's BTC holdings, approximately 107,000 BTC, is purportedly held by Fidelity, alongside assets belonging to other customers. Additionally, approximately 79,000 BTC is stated to be held in segregated custody, including with Coinbase Prime. This detailed breakdown offers insights into the distribution and custodial arrangements of MicroStrategy's significant Bitcoin reserves, valued at approximately $9.7 billion based on a Bitcoin price of $52,000 at the time of publication.
The analysis conducted by Arkham highlights specific custodial arrangements, with Fidelity Custody emerging as a major holder of MicroStrategy's BTC, accounting for over 174,000 BTC across various wallets. Transactions associated with these holdings are reported to originate from platforms such as Coinbase, Foundry USA, and Gemini. However, the whereabouts of the remaining 4,000 BTC controlled by MicroStrategy remain unclear, as Arkham's data does not provide definitive insights into their storage.
MicroStrategy, under the leadership of executive chairman Michael Saylor, has been actively accumulating Bitcoin since August 2020, with its total holdings reaching 190,000 BTC. The company's strategic move to embrace BTC as a reserve asset has garnered attention within the cryptocurrency community. Meanwhile, Arkham's approach to unveiling wallet addresses and their associated owners has sparked controversy, with critics labeling the platform as a "snitch" service. Concerns have been raised regarding the potential risks associated with publicizing sensitive information about wallet holders, leading to instances of online attacks and privacy breaches.
