Arkham Exposes Michael Saylor’s Bitcoin Stash—Wall Street’s ‘HODL’ Hypocrisy on Full Display

MicroStrategy’s CEO just got a taste of crypto’s transparency paradox. Blockchain sleuths at Arkham Intelligence unmasked the company’s cold wallets—turns out even ‘laser-eyed’ Bitcoin maximalists love centralized custody.

The Irony Burns Hotter Than a Memecoin Rally

Saylor’s 214,000 BTC hoard now sits under the blockchain microscope. Funny how the guy preaching ‘hyperbitcoinization’ still relies on old-school security setups. Guess not everyone’s ready to ‘be their own bank’ when billions are at stake.

Wall Street’s Worst-Kept Secret

The revelation exposes crypto’s dirty little secret: institutional players talk decentralization but practice asset parking. Meanwhile, retail traders get rekt self-custodying on Ledgers while the whales use... wait for it... multi-sig wallets with third-party key holders.

Arkham’s doxing spree continues—next stop, BlackRock’s ‘anonymous’ ETF addresses? Nothing says ‘financial revolution’ like hedge funds playing hide-and-seek with block explorers.

This discovery brings the total publicly identified Bitcoin holdings of Strategy to $54.5 billion, covering 87.5% of the company’s total BTC assets, including those held in Fidelity Digital’s omnibus custody. Arkham is the first to publicly reveal this detailed breakdown.

Saylor has consistently opposed revealing wallet addresses, calling on-chain proof-of-reserves a “bad idea” that compromises security. During a sideline event before  the Bitcoin 2025 Conference, he compared it to publishing your kids’ personal details online, saying it invites attacks from hackers.

This discovery brings the total publicly identified Bitcoin holdings of Strategy to $54.5 billion, covering 87.5% of the company’s total BTC assets, including those held in Fidelity Digital’s omnibus custody. Arkham is the first to publicly reveal this detailed breakdown.

Previously, Arkham had identified 107,000 BTC sent to Strategy’s Fidelity deposits, which don’t show up directly under Strategy because Fidelity doesn’t segregate custody accounts. They also tracked over 327,000 BTC held in segregated custody accounts, including Coinbase Prime, clearly linked to the company’s holdings.

On May 26, Strategy purchased 4,020 Bitcoin for approximately $427 million at an average price of $106,237 each. It holds a total of 580,250 BTC worth over $63 billion.

Also Read: Michael Saylor’s Strategy Outpaces Bitcoin and ETFs in crypto Boom