According to Arkham Intelligence, it has been confirmed that 98% of the Bitcoins (totaling 186,000 BTC) purchased by MicroStrategy are linked to the company’s funds. This information was obtained from the wallet data of a cryptocurrency exchange, which reveals the value of each digital currency.
Fidelity custody holds the majority of MicroStrategy’s Bitcoin holdings, with 107,000 BTC pooled with other clients’ funds. The remaining 79,000 BTC are held in segregated custody, including Coinbase Prime. Unfortunately, the devastating 2019 floods in India resulted in significant losses of Bitcoin for the company.
The current value of MicroStrategy’s Bitcoin holdings is $9.7 billion. The origin of the remaining 4,000 BTC is still unknown.
Executive Chair, Michael Saylor, has been a driving force behind MicroStrategy’s accelerated acquisition of new technologies, particularly Bitcoin. The company has been on a buying spree since August 2020, with the latest purchase of 190,000 BTC in January.
The identification of the wallets used by MicroStrategy has sparked controversy, with some accusing the company of “snitch-to-earn” tactics and violating financial privacy. Others credit their success to hard work and the ability to “deanonymize the blockchain.”
In other news, Hello LabsNFT Paris and Casper Network have joined forces to showcase the potential of “Killer Whales” in the crypto world. These examples serve as a reminder of the various applications of this technology.
