Arkham Intelligence, a blockchain analytics platform, claims to have uncovered the majority of MicroStrategy Bitcoin holdings, totaling approximately 186,000 BTC out of the firm’s total 190,000 BTC.
According to Arkham’s X post on Feb. 16, MicroStrategy’s Bitcoin holdings are divided, with roughly 107,000 BTC held in Fidelity pooled accounts and 79,000 BTC held in segregated custody, including Coinbase Prime. The remaining 4,000 BTC’s location remains unknown.
MicroStrategy’s Executive Chair, Michael Saylor, announced the acquisition of 850 BTC in January, bringing the company’s total Bitcoin holdings to 190,000 BTC. MicroStrategy initiated its Bitcoin purchases in August 2020, initially investing $250 million in crypto as part of its strategy to adopt BTC as a reserve asset.
Arkham Intelligence, aiming to “deanonymize the blockchain,” has previously offered rewards for identifying wallets of high-profile individuals and has recently focused on tracking on-chain locations of ETFs. However, Arkham’s methods have drawn criticism for potentially compromising user privacy and security, with some labeling it a “snitch-to-earn” service. Several wallet holders have reportedly faced attacks after their identifying information was exposed.
Arkham Intelligence’s identification of the majority of MicroStrategy’s Bitcoin holdings sheds light on the transparency and traceability of cryptocurrency transactions. However, the platform’s methods raise concerns about privacy and security in the crypto space, prompting debates over the balance between transparency and anonymity in blockchain analytics.
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