Arkham Maps 78% of Strategy's 847,700 BTC Holdings

Arkham has made significant progress in identifying Bitcoin holdings belonging to Strategy. According to Arkham's mapping, about 78% of Strategy's massive 847,700 BTC holdings have been labeled. This leaves a substantial portion of their Bitcoin reserve unidentified.

The labeled wallets held a staggering $40.28 billion in on-chain assets. Another $15.5 billion was marked as being held by Fidelity Custody. The total value of Strategy's Bitcoin reserve is estimated to be around $71.4 billion based on the same snapshot.

Arkham first began labeling most of these holdings back in May 2025, despite the fact that Saylor had previously stated he would not disclose the addresses.