- Arkham claims it identified $7.6B in hidden Bitcoin wallets linked to Strategy, challenging Michael Saylor’s privacy stance.
- Saylor warned that revealing wallet addresses could expose firms to serious long-term security risks.
- Arkham’s past wallet ID errors raise questions about the accuracy of their latest Strategy-related findings.
Things just got… interesting in the world of corporate crypto holdings. Blockchain sleuths over at Arkham Intelligence claim they’ve cracked the case on some major “secret stash” wallets linked to Strategy (yep, that’s MicroStrategy’s new name). And if they’re right? We’re talking a jaw-dropping $7.6 billion worth of Bitcoin sitting quietly in the shadows—until now.
In a cheeky post that name-drops Strategy’s executive chairman Michael Saylor, Arkham says they’ve linked 70,816 BTC to the company. That’s in addition to what’s already been known, bringing Strategy’s publicly associated stack to $54.5 billion. Arkham even took a jab at Saylor’s commitment to privacy, writing: “Saylor said he would never reveal his addresses. So, we did.” Bold move.
They’re also claiming this accounts for 87.5% of the firm’s total Bitcoin holdings. If true, it’d mark the first time anyone’s managed to tie this many wallets directly to the company. No comment yet from either side—Cointelegraph says they’ve reached out to Arkham and Strategy, but no one’s picking up the phone (so to speak).
Saylor Pushes Back on Going Public With Wallets
Saylor, for his part, has never been subtle about his stance on keeping wallet addresses under wraps. Speaking at Bitcoin 2025 in Vegas, he straight-up called publishing wallet info a “bad idea.” His reasoning? You don’t want every move tracked and dissected. Makes sense.
“Once the wallets are public, every transaction from here on out is a liability,” Saylor said. He even joked that if you asked AI to analyze the risks of sharing wallet addresses, you’d get 50 pages of security concerns. Bit dramatic? Maybe. But in this space, maybe not.
Arkham’s Accuracy… Not Without Controversy
While Arkham’s known for its deep blockchain forensics, it hasn’t always been spot-on. Back during the Mantra token chaos, the firm got flak for allegedly misidentifying wallets—accusations the Mantra CEO John Mullin flat-out denied.
So yeah, Arkham might’ve struck gold this time. Or maybe it’s another case of mistaken identity. Either way, it’s shining a new light on the murky edges of corporate crypto privacy—and setting up a showdown between transparency and security that’s far from over.
