In a controversial move that has ignited debates around privacy and transparency, the blockchain tracing firm Arkham Intelligence has revealed the vast majority of wallets containing MicroStrategy’s Bitcoin holdings worth nearly $10 billion.
According to Arkham’s data, the business intelligence company controls over 174,000 BTC across wallets linked to major crypto exchanges like Coinbase, Foundry USA, and Gemini. This accounts for the lion’s share of MicroStrategy’s total 190,000 BTC stash announced earlier this month.
The move by Arkham, which brands itself as a blockchain “deanonymization” service, has drawn criticism from crypto privacy advocates who argue that exposing wallet details violates user anonymity. However, others contend that such transparency is crucial for institutions holding billions in crypto assets.
MicroStrategy has been an avid Bitcoin accumulator since 2020, making it a bellwether for corporate crypto adoption. Its stockpile is now worth over $9.7 billion at current prices.
While Arkham’s tactics remain controversial, the revelation has provided an unprecedented glimpse into one of the world’s largest corporate Bitcoin treasuries. As regulatory scrutiny increases, the tussle between privacy and disclosure is heating up.
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