A blockchain analytics firm has stirred up fresh controversy by linking a vast network of Bitcoin wallets to MicroStrategy, the company known for holding more BTC than any other public corporation.
Arkham Intelligence, a data tracking platform specializing in on-chain activity, announced that it had uncovered wallet addresses allegedly connected to MicroStrategy’s Bitcoin reserves.
According to their analysis, the firm traced 70,816 BTC to addresses it claims are controlled by MicroStrategy—funds that had not been previously associated with the company in public records.
The findings suggest that nearly 88% of MicroStrategy’s reported Bitcoin stash, which totals over 580,000 BTC, has now been directly linked to identifiable wallet activity.
Arkham says its investigation also uncovered assets held under Fidelity Digital’s custody solution, where institutional clients often store crypto assets under aggregated, omnibus accounts.
While Arkham is promoting the move as a win for blockchain transparency, the revelation is already sparking concerns over privacy and institutional exposure in the crypto world. Bitcoin may be pseudonymous, but transactions are forever etched into a public ledger—making ownership traceable with the right tools and methods.
The disclosure could mark a turning point in how corporate crypto holdings are monitored. It also raises broader questions about whether institutions can continue to operate discreetly on a network designed for transparency.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/blockchain-tracking-platform-finds-hidden-wallets-tied-to-microstrategys-bitcoin-holdings/