Crypto Assets Owned by MicroStrategy Unveiled by Arkham Intelligence
According to reports, Arkham has found the on-chain addresses that hold 98% of MicroStrategy's Bitcoin.
Arkham Intelligence, a crypto intelligence agency, revealed on social media site X that MicroStrategy has around 107,000 BTC with Fidelity. There are other locations for 79,000 BTC, including Coinbase Prime, that are under independent custody.
Under Fidelity Custody, there are 107,000 BTC mixed with BTC from other customers. A second corporation established for MicroStrategy has the remaining 79,000 BTC, which are kept separately with Coinbase Prime.
A number of customer funds are pooled by Fidelity Custody, including those from MicroStrategy and the FBTC ETF. Over nine billion bitcoins, or 176,000 BTC, are being held by Fidelity Custody. These addresses have never before been made public.
Arkham Intelligence recently discovered on-chain addresses associated with many US-based spot Bitcoin ETFs, which is why this revelation is coming as no surprise. They had already found IP addresses associated with companies like Robinhood and the Grayscale Bitcoin Trust (GBTC).
A Look at MicroStrategy's Bitcoin Holdings: A Key Player in Corporate Crypto Investments
For a short period of time, MicroStrategy achieved a milestone when their Bitcoin hoard surpassed $10 billion. The company is renowned for possessing the most Bitcoin among enterprises. It has a profit of around $3.9 billion with a value of almost $9.89 billion and 190,000 BTC.
The executive chairman of MicroStrategy, Michael Saylor, is an outspoken advocate for Bitcoin. He refers to Bitcoin as "digital property protected by technology" and thinks it's crucial that we move away from conventional assets and toward digital ones.
Both MicroStrategy's cryptocurrency holdings and stock price have been positively impacted by the company's investment in Bitcoin. The price of its stock, MSTR, has been going up over the last several years, and it is now inching closer to joining the S&P 500 index.
