Arkham Intelligence has revealed a major discovery by linking specific Bitcoin wallet addresses to Strategy, formerly MicroStrategy.
Despite executive chairman Michael Saylor’s strong statements against revealing company’s Bitcoin addresses, Arkham claims to have found 70,816 BTC linked directly to the firm.
Using current market valuations, they found Bitcoin is worth around $5.45 billion. Arkham tracked the addresses to associate them with Strategy using forensic methods, such as tracing deposits from exchanges and custody wallet identification.
The firm analyzed the transaction flow and asset movements to make an estimate of the underlying volume under the Strategy’s control. Through this method, Arkham believes it has now identified 87.5% of the Bitcoin publicly declared by the company, including coins held with Fidelity Digital.
Arkham’s announcement reflects a new era of transparency in corporate Bitcoin holdings, challenging the balance between privacy and accountability.
Blockchain data reveals strategy wallet clusters
The team closely monitored blockchain activity to identify wallet clusters that were indicative of Strategy’s normal transaction behavior and activity.
These results provide investors with greater insight into company reserves, which can contribute to enhanced financial confidence in the marketplace.
The study indicates Strategy’s Bitcoin reserves are held in big amounts across custodians such as Fidelity Digital and Coinbase Prime. This adds to the analysts’ and shareholders’ confidence but might also introduce new security threats.
Disclosure of wallet locations might attract unwanted attention or attacks on well-publicized reserves of digital assets.
Michael Saylor’s erstwhile adamant refusal to disclose wallet information is increasingly running up against the realities of a world of public blockchain data.
Companies with substantial reserves of cryptocurrencies may now revisit how they secure custody of their digital assets to safeguard financial information.
Arkham’s research represents a critical development in the process of redefining the transparency of corporate cryptocurrency management and long-term financial disclosure in companies focused on blockchain use.
