Arkham claims it has found Strategy’s alleged Bitcoin address, with total holdings currently valued at $48.8 billion. CEO Michael Saylor previously declined to reveal the company’s address for security reasons. According to a recent post from the blockchain analytics firm, it has identified what is allegedly an address containing the Bitcoin ( BTC ) holdings of Michael Saylor’s software company. The tracking page set up on Arkham’s platform for the address shows that it holds around 454,231 BTC. At current market prices, its holdings are valued at $48.8 billion, with each BTC trading at $107,619. The address does not hold any other digital asset aside from Bitcoin. Not only that, Arkham later claimed that it has identified an additional 70,816 BTC on-chain that it traced back to Strategy , valued at $7.6 billion. SAYLOR SAID HE WOULD NEVER REVEAL HIS ADDRESSES … SO WE DID We have identified an additional 70,816 BTC belonging to Strategy, bringing our total identified MSTR BTC holdings to $54.5 Billion. We are the first to publicly identify these holdings. This represents 87.5% of… pic.twitter.com/P3OVdVrhQL — Arkham (@arkham) May 28, 2025 “We have identified an additional 70,816 BTC belonging to Strategy, bringing our total identified MSTR BTC holdings to $54.5 billion. We are the first to publicly identify these holdings,” wrote Arkham in its post. The analytics platform claims that it has successfully identified 87.5% of MSTR’s total Bitcoin holdings, which already includes assets held in Fidelity Digital’s omnibus custody. The tracking page for an address allegedly linked to Michael Saylor’s Strategy | Source: Arkham You might also like: Michael Saylor won’t publish Strategy’s proof of reserves: “It’s a bad idea” Previously, Arkham also tagged 107k Bitcoin that was sent to MSTR Fidelity deposits, as well as 327k BTC that was held in segregated custody including Coinbase Prime. Traders on X reacted negatively to Arkham publicly revealing Strategy’s alleged crypto address. Many of them called out the analytics platform for not respecting Saylor’s wishes and making the information available for social engineering hackers to exploit. “If Saylor doesn’t want it revealed, and u reveal isn’t that violation of privacy,” said one user. “You literally missed the ENTIRE point of his reply. This means nothing,” wrote another user. “Did Arkham seriously just publicly dox and violate privacy? Which is the whole point of Bitcoin. Privacy,” argued another X user. Hailed as the largest corporate holder of Bitcoin, Strategy claims to hold 580,250 BTC which is valued at $62.4 billion based on current market prices. The company recently purchased 4,020 BTC at a price of $427.1 million on May 26. Most recently on May 27, Saylor refused to disclose Strategy’s on-chain addresses. He believed that revealing them to the public would pose a security risk, as it simultaneously jeopardizes various stakeholders: the issuer, the custodians, the exchanges, and the investors. “It’s like publishing the address and the bank accounts of all your kids and [the] phone numbers of all your kids and then thinking somehow that makes your family better,” said Saylor. You might also like: Strategy buys 6,556 Bitcoin after BTC reaches monthly high
