Arkham claims to have found the alleged Bitcoin address of Strategy, with total holdings currently valued at $48.8 billion. CEO Michael Saylor previously refused to disclose the company's address for security reasons.
According to a recent article from the blockchain analytics company, it has identified what would be an address containing the Bitcoin holdings of Michael Saylor's software company. The tracking page set up on the Arkham platform for the address shows that it holds approximately 454,231 BTC. At current market prices, its holdings are valued at $48.8 billion, with each BTC trading at $107,619.
The address contains no other digital assets other than Bitcoin. Not only that, Arkham later claimed it had identified an additional 70,816 BTC on-chain that it traced back to Strategy, worth $7.6 billion.
« 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 message.
The analytics platform claims to have successfully identified 87.5% of MSTR's total Bitcoin holdings, which already includes assets held under Fidelity Digital's omnibus custody.
Previously, Arkham also tagged 107,000 Bitcoins that were sent to MSTR Fidelity deposits, as well as 327,000 BTC that were held in separate custody, including Coinbase Prime.
Traders on X reacted negatively to Arkham publicly revealing the alleged cryptocurrency address of Strategy. Many of them called out the analytics platform for not respecting Saylor's wishes and for putting the information at the disposal of social engineering hackers to exploit.
« If Saylor doesn't want it to be revealed, and you reveal it, that's not a violation of privacy, » said a user.
« You literally missed THE whole point of his response. That means nothing, » wrote another user.
« Did Arkham seriously publicly violate and breach privacy? That's the whole point of Bitcoin. Privacy, » argued another X user.
Regarded as the largest 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 for $427.1 million on May 26.
Most recently, on May 27, Saylor refused to disclose the on-chain addresses of Strategy. He believed that revealing them to the public would pose a security risk, as it simultaneously jeopardizes various stakeholders: the issuer, custodians, exchanges, and investors.
« It's like publishing the addresses and bank accounts of all your children and the phone numbers of all your children, then somehow thinking about what makes your family better, » said Saylor.
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