Arkham said it has traced about 78% of the 847,700 BTC held by Strategy, according to monitoring cited by Bitcoin News. The firm said wallets it has labeled account for $40.28 billion in on-chain assets, while another $15.5 billion has been marked as held with Fidelity Custody. In the snapshot referenced by Arkham, Strategy’s total Bitcoin reserve was valued at $71.4 billion. The update adds more visibility to a treasury that Michael Saylor had previously said would not have its addresses disclosed publicly. Arkham also said it first tagged most of these holdings in May 2025, while the rest of the company’s Bitcoin positions have not yet been identified.
Arkham said it has traced about 78% of the 847,700 BTC held by Strategy, according to monitoring cited by Bitcoin News.
The analytics platform said wallets it has labeled represent $40.28 billion in on-chain assets. Another $15.5 billion has been marked as being held with Fidelity Custody. In that snapshot, Strategy’s Bitcoin reserve was valued at $71.4 billion.
Saylor had previously said those addresses would not be made public. Arkham said it first tagged most of the holdings in May 2025, and that the remaining positions have not yet been identified.
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