Arkham Maps 78% of Strategy's Bitcoin Holdings Across On-Chain Wallets

Arkham Intelligence has successfully mapped on-chain addresses representing approximately 78% of Strategy's Bitcoin reserves, tracking about $55.7 billion to $55.78 billion of the company's holdings. The tracked balance includes $40.28 billion across roughly 1,600 directly labeled corporate wallets holding 478,199 BTC, with another $15.5 billion held via Fidelity Custody. Strategy holds up to 847,700 BTC valued at $71.4 billion, having acquired 1,665 BTC in late September for $142.7 million. Arkham noted that roughly 22%, or $15.7 billion, remains untracked due to unlinked cold storage or unlabeled custodian setups.