Arkham Intelligence claims to have uncovered new wallet addresses linked to Strategy. These findings could significantly impact the company's asset valuation.
Discovery of New Wallets
Arkham Intelligence asserts that it has identified an additional 70,816 BTC associated with Strategy, formerly known as MicroStrategy. This find raises the company's total Bitcoin asset valuation to $54.5 billion. If accurate, Arkham becomes the first to publicly connect these wallets to the company.
Risks of Publishing Wallet Addresses
Comments regarding the publication of wallet addresses came from Michael Saylor, co-founder and executive chairman of Strategy. At the Bitcoin 2025 conference, he stated that publishing such data poses risks for companies holding Bitcoin. Saylor emphasized that no serious security analyst would advise revealing addresses, as this could lead to risks that may not be immediately apparent.
Debate Over Accuracy of Arkham's Claims
While blockchain data is publicly accessible, the accuracy of claims regarding wallet ownership has been questioned. Ongoing debates continue regarding these data, especially given that Arkham has been accused in the past of mislabeling wallets during the Mantra token collapse.
Thus, Arkham Intelligence's new findings could significantly alter the perception of Strategy's assets and raise questions about the risks associated with publishing cryptocurrency wallet data.
