Arkham Recognize MicroStrategy Holdings Pooled in Fidelity

Arkham Intelligence revealed that MicroStrategy holds about 186,000 bitcoins which make up 98% of its on-chain holdings.

According to the blockchain analytics platform Arkham Intelligence, about 186,000 bitcoins make up “98% of MicroStrategy’s on-chain holdings” out of the 190,000 BTC in wallets owned by the company.

Arkham announced that it has added business intelligence company MicroStrategy to its bitcoin wallet database that is accessible to the public in an X post on February 16. The company claims that 79,000 BTC was “held in segregated custody including Coinbase Prime,” and that about 107,000 BTC of MicoStrategy’s cryptocurrency “appears to be held with integrity pooled with other clients’ BTC.

The vast majority of MicroStrategy’s Bitcoin holdings, which were valued at $52,000 per bitcoin at the time of publication and totaled approximately $9.7 billion, were attributed to Arkham’s study. Wallets containing over 174,000 BTC were displayed in the company’s Fidelity Custody data along with transactions from Coinbase, Foundry USA, and Gemini.

The location of the remaining 4,000 BTC under MicroStrategy’s custody is unknown. Michael Saylor, the executive chair of MicroStrategy, revealed on February 7 that the company had purchased 850 bitcoins in January, increasing its total bitcoin holdings to 190,000.

In August 2020, the corporation started purchasing Bitcoin declaring a $250 million cryptocurrency acquisition as part of its goal to use BTC as a reserve asset. In the past, Arkham—a platform that claimed to be working to “deanonymize the blockchain”—had paid bounty to cryptocurrency investigators who could furnish details that would enable the identity of wallets belonging to prominent people, including Do Kwon, a co-founder of Terra.

Following the approval of spot Bitcoin exchange-traded products by the U.S. Securities and Exchange Commission approved spot Bitcoin exchange-traded products in January, Arkham determined the locations of BlackRock, Bitwise, Fidelity, and Franklin Templeton ETFs on the chain.

A lot of cryptocurrency users have called Arkham out as a “snitch-to-earn” business and attacked the company’s strategy of disclosing wallet addresses and their owners to the public. After internet investigators were able to ascertain some wallet holders’ physical addresses and other identifying information of some wallet holders, they were targeted.