Arkham claims to have found Bitcoin’s addresses

By Hannah Pérez

Arkham Intelligence’s team did what Michael Saylor said he would never do: to make public bitcoin wallet addresses from Strategy. Researchers have already tracked almost 88% of all 580,250 BTC.

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• Arkham Intelligence did what Michael Saylor said he would never do.
• Researchers publish Strategy Bitcoin wallet addresses.
• They have identified 87.5% of the company’s 580,250 BTC.
• Saylor criticized reserve tests and argued that it is not safe.

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The worst nightmare of Michael Saylor seems to be realizing now that chain researchers say they have found some of the wallet addresses Bitcoin (BTC) of Strategy.

The team of Arkham Intelligence, A firm dedicated to analysis Blockchainhas claimed to have found the wallets that store the huge fortune in cryptocurrency of the company with the greatest holdings of Bitcoin of the world.

In an X publication, the researchers reported on Wednesday identified 70,816 BTC allegedly belonging to Strategy. The company had previously tracked more than 383,000 BTC stored in the Treasury the Company, which raised the total of Bitcoins identified to USD $ 54.5 billion or 87.5% of the total holdings of Bitcoin.

Saylor Said He Would Never Reveal His Addresses … SO WE DID

We have identified addionional 70,816 BTC Belonging to Strategy, Bringing Our Total identified mstc 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

The fair discovery occurs days after Saylor, the executive president and founder of Strategywill reject the idea of ​​establishing a chain reservation test system for real -time monitoring of holdings of Bitcoin of the company.

Saylor doesn’t reveal addresses, but Arkham yes

“It’s a bad idea“Saylor said about the public revelation of the cryptocurrency addresses of a company – a process that usually accompanies the reservation test – during an event parallel to ‘Bitcoin 2025’ in Las Vegas on Monday.

The reservation test (proof of reserve or by, for its acronym in English) is a process in which a company or platform that custody cryptocurrencies – like an exchange – shows that it has enough funds in reserve to support the balances that its users have in their accounts. The cryptocurrency addresses is often made public.

Although this mechanism has become popular in the digital currency industry, – especially after the collapse of FTX In 2022—, Saylor does not agree and has put himself on the side of critics, arguing that he can lead to safety risks. “The best practice is not to publish the wallet“he concluded in his comments that day.

The researchers of Arkham They did not ignore Saylor’s opinion, but still decided to publish their findings.

“Saylor said he would never reveal his directions … so we did it“they wrote in the publication revealing on Wednesday. “We are the first to publicly identify these holdings“

Halfing half a million Bitcoins from Strategy

Strategypreviously called Microstrategyhas been actively accumulating Bitcoin From 2020 as part of a pioneer strategy focused on converting cryptocurrency into its main strategic reserve asset. At the moment It has 580,250 BTC.

Due to its status as an American public company – which quotes its actions in the stock exchange— Strategy regularly publishes financial reports before the Bag and Securities Commission (SEC), where their holdings of Bitcoin. On Monday, the company revealed in a dissemination its most recent purchase for USD $ 427.1 million to, adding an additional 4,020 BTC to its balance.

In addition to these regulatory reports, online tools have also been generated that track the huge treasure of Bitcoin of Strategyand the public company itself on its investments in the cryptocurrency on its website.

Data shared by Arkham Intelligence on their platform they show that Strategy Transfer your Bitcoins From a hot wallet of deposit in Coinbase. It would also have sent more than 100,000 BTC to Fidelity For custody.

The firm has previously identified other large cryptocurrencies, such as the directions of President Donald Trump, or sovereign state-nation holdings such as the United States, El Salvador, Bután and others.

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Hannah Estefanía Pérez / Diariobitcoin

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