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Arkham Maps About 78% of Strategy’s 847,700 Bitcoin Holdings
Wallets labeled by Arkham held $40.28 billion in on-chain assets, while another $15.5 billion was marked as held by Fidelity Custody.

Arkham has identified wallets tied to about 78% of Strategy’s 847,700 Bitcoin (BTC), leaving some of the company’s holdings unidentified.
The labeled wallets held $40.28 billion in on-chain assets. Another $15.5 billion was marked as held by Fidelity Custody, while Strategy’s Bitcoin reserve was valued at $71.4 billion in the same snapshot.
Arkham first labeled most of the holdings in May 2025. Saylor had previously said he would not disclose the addresses.