- Arkham experts have found out where MicroStrategy stores bitcoins.
- Analysts found addresses with 186,000 BTC worth a total of $9.7 billion.
- In January, MicroStrategy purchased another 850 BTC.
Analytical platform Arkham has discovered addresses allegedly associated with the American company MicroStrategy. In total, they store 186,000 BTC (more than $9.7 billion at the time of writing).
According to experts, they were able to identify 98% of MicroStrategy accounts. Arkham has become the first platform to publicly identify these addresses, says a post on X (formerly Twitter). Users can now view a firm’s balance and transaction history.
According to the data provided, MicroStrategy’s 107,000 BTC, worth $5.6 billion, is stored at Fidelity along with the assets of other clients. As Arkham explained, they are included in the Fidelity Custody structure, which involves the merger of client funds. Major clients include MicroStrategy and Fidelity FBTC ETF.
The second portion of the funds in the amount of 79,000 BTC is in separate wallets, including Coinbase Prime. Let us remind you that MicroStrategy is one of the largest holders of bitcoins.
In January 2024, the company purchased 850 BTC for $37.2 million. Amid the growth of the cryptocurrency market, the value of bitcoins on MicroStrategy’s balance sheet reached $10 billion.