Arkham Intelligence uncovers nearly all of MicroStrategy’s on-chain Bitcoin holdings News ▸ US ▸ Bitcoin ▸ Investments
Arkham Intelligence uncovers nearly all of MicroStrategy’s on-chain Bitcoin holdings
MicroStrategy's Bitcoin holding is worth almost $10 billion.
2 min read
Updated: Feb. 16, 2024 at 3:34 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Crypto Intelligence firm Arkham Intelligence has reportedly identified on-chain addresses containing 98% of MicroStrategy’s Bitcoin holdings.
According to a Feb. 16 post on social media platform X (formerly Twitter), MicroStrategy, which recently repositioned itself into a BTC development company, holds 107,000 BTC of the top digital asset with Fidelity, while 79,000 BTC is held in segregated custody, including Coinbase Prime.
“107,000 appears to be held with Fidelity pooled with other clients’ BTC, hence is included in our Fidelity Custody entity. The remaining 79,000 held in segregated custody including Coinbase Prime, is in our new Microstrategy entity,” Arkham Intelligence wrote.
Arkham explained that Fidelity Custody combines client funds through an omnibus custody model. Notable clients include the FBTC exchange-traded fund (ETF) and MicroStrategy. According to Arkham’s dashboard, Fidelity Custody holds over 176,000 BTC, valued at over $9 billion.
Arkham is the first crypto company to identify these addresses publicly.
This revelation follows Arkham’s recent claim of identifying the on-chain addresses of several spot BTC exchange-traded funds (ETF) in the United States. The crypto intelligence firm had previously identified the addresses of significant entities like Grayscale Bitcoin Trust (GBTC) before its conversion into an ETF and addresses belonging to the crypto trading platform Robinhood.
MicroStrategy’s BTC
MicroStrategy is the largest corporate holder of the top crypto asset, and its holdings briefly topped the $10 billion mark recently. Saylortracker data shows that the company’s 190,000 BTC is currently worth $9.89 billion and has an unrealized profit of $3.9 billion.
The company’s executive chairman, Michael Saylor, is a vocal advocate for Bitcoin and recently said:
“BTC represents the digital transformation of capital. Money is flowing out of 20th century analog assets into the digital economy at an increasing rate. BTC is digital property protected & transmitted by digital power.”
Meanwhile, MicroStrategy’s BTC investment has boosted its stock performance, with MSTR slowly increasing toward being eligible for inclusion on the S&P 500 index.
Mentioned in this article
Bitcoin 
MicroStrategy 
Coinbase 
Fidelity Investments 
Arkham Intelligence 
Fidelity Wise Origin Bitcoin Trust 
Grayscale Bitcoin Trust 
Michael Saylor Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
MicroStrategy
MicroStrategy (Nasdaq: MSTR) is a worldwide leader in enterprise analytics and mobility software.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
Arkham Intelligence
Arkham Intelligence is a platform that provides information on the real-world entities behind addresses on the blockchain.
The Fidelity Wise Origin Bitcoin Trust (FBTC) is a spot Bitcoin ETF that offers investors exposure to the price of Bitcoin.
The Grayscale Bitcoin Trust (GBTC) is a digital currency investment product that provides investors with access to Bitcoin through traditional investment channels.
Michael Saylor is the Executive Chairman, founder, and principal shareholder of MicroStrategy.
