The founder of the strategy, Michael Saylor, rejected the idea of publishing the company’s Bitcoin wallet address as a “bad idea,” but Arkham Intelligence appears to have done its own digital detective. The company now claims it has discovered 87.5% of the strategy’s BTC Trove Onchain after linking 70,816 BTC to the company.
Arkham Lights 87.5% of the Strategic Wallet Network
On Wednesday, blockchain analytics firm Arkham Intelligence jumped on X to share his bold claims during the talk of the ongoing Bitcoin 2025 conference in Las Vegas. It tracked 87.5% of the strategy (previously micro-strategic) Bitcoin Holding.
“We further identified 70,816 BTCs belonging to the strategy, bringing the identified MSTR BTC holdings to $54.5 billion, and we are the first to publicly identify these holdings,” Arkham said. “This represents 87.5% of the total MSTR holdings (including the assets of Fidelity Digital’s Omnibus Custody),” the company added.
According to Arkham’s findings, 400,398 BTC is tracked from the publicly reported 580,250 BTC strategy it owns as of May 19. Arkham pointed out that 107,000 BTC is held faithfully. Approximately 327,000 BTC is said to be stored in isolated accounts.
Five days ago, blockchain data revealed that Coinbase Prime’s hot wallets are actively pouring their funds into the strategy’s Bitcoin Cash. Each destination address first received a small amount of test transfer of 0.0001 BTC, followed by a large amount. The strategy visual map highlights its top counterparties: Coinbase Prime, Anchorage Digital, and Fidelity Digital Assets. Arkham data shows that the 400,398 BTC identified so far is spread across 491 unique wallet addresses.
