Experts from the analytical company Arkham have revealed that they managed to identify 454,231 bitcoins (BTC) out of 580,250 BTC that are under the control of Strategy (formerly MicroStrategy). This means that the total volume of disclosed assets amounts to 87.5%.
This is reported by Finway
In their report, Arkham also stated that they discovered an additional 70,816 BTC belonging to the company. Thus, the total number of identified BTC holdings for Strategy has reached $54.5 billion.
“Saylor stated that he would never disclose his addresses… and we did,” Arkham noted.
Currently, according to Arkham Intelligence, Strategy controls 454,231 BTC worth approximately $49.4 billion at the current exchange rate. However, according to information provided by former CEO Michael Saylor, as of May 25, 2025, the company’s portfolio contained 580,250 BTC valued at $40.61 billion at an average purchase price of $69,979. Thus, Arkham experts have only identified 78% of the firm’s assets, not 87.5%, which may indicate that the data has not yet been updated.
It is worth noting that since the beginning of April 2025, the unrealized profit from Strategy’s portfolio has been steadily increasing, reaching $14 billion as of May 27. However, the company’s actions have drawn criticism from the Bitcoin community, particularly due to Saylor’s statement that Strategy would not publish Proof of Reserves reports due to the risks this could entail. Users have urged Arkham to respect this decision and not violate the company’s privacy.