Bitcoin

MicroStrategy’s Bitcoin holdings, valued at nearly $10 billion, have been a subject of scrutiny by crypto intelligence firm Arkham Intelligence.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />Reportedly, Arkham has successfully identified on-chain addresses containing 98% of MicroStrategy’s Bitcoin holdings.<h3 id="arkham-intelligence-reveals-microstrategy-s-bitcoin-holdings">Arkham Intelligence Reveals MicroStrategy’s Bitcoin Holdings</h3>A crypto intelligence firm called Arkham Intelligence shared details about MicroStrategy’s Bitcoin stash on <a href="https://cryptosheadlines.com/elon-musk-suggests-social-media-platform-x-may-introduce-paywall/" rel="noopener noreferrer nofollow">social media platform</a> X, revealing that the company holds about 107,000 BTC with Fidelity. Out of this, 79,000 BTC is kept in separate custody, including with Coinbase Prime.The 107,000 BTC held with Fidelity is mixed with other clients’ BTC, managed under Fidelity Custody. The remaining 79,000 BTC, held separately with Coinbase Prime, is under a new entity specifically for MicroStrategy.Fidelity <a href="https://cryptosheadlines.com/anchorage-digital-enables-defi-voting-for-custody-clients/" rel="noopener noreferrer nofollow">Custody combines client</a> funds from various sources, including MicroStrategy and the FBTC exchange-traded fund (ETF). Currently, Fidelity Custody holds over 176,000 BTC, valued at over $9 billion. This is the first time these addresses have been publicly identified.This news comes after Arkham Intelligence recently uncovered on-chain addresses linked to several <a href="https://cryptosheadlines.com/blackrock-selects-coinbase-custody-for-spot-bitcoin-etf-sec-lawsuit-conclusion-imminent/" rel="noopener noreferrer nofollow">spot Bitcoin</a> exchange-traded funds (ETFs) in the US. They had previously identified addresses related to entities like the <a href="https://cryptosheadlines.com/grayscale-bitcoin-trust-surges-towards-2023-highs-on-blackrock-etf-filing-buyers-rally/" rel="noopener noreferrer nofollow">Grayscale Bitcoin Trust</a> (GBTC) and Robinhood.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /><h3 id="microstrategy-s-bitcoin-holdings-driving-corporate-investment-in-crypto">MicroStrategy’s Bitcoin Holdings: Driving Corporate Investment in Crypto</h3>MicroStrategy, known for holding the most <a href="https://cryptosheadlines.com/bitcoins-position-among-the-worlds-biggest-companies/" rel="noopener noreferrer nofollow">Bitcoin among companies</a>, briefly reached a milestone when its Bitcoin stash hit over $10 billion. With 190,000 BTC, it’s valued at nearly $9.89 billion, making a profit of about $3.9 billion.<a href="https://cryptosheadlines.com/justin-sun-unveils-ambitious-plan-for-trons-bitcoin-layer-2-integration/" rel="noopener noreferrer nofollow">Also Read: Justin Sun Unveils Ambitious Plan for TRON&#39;s Bitcoin Layer 2 Integration</a>Michael Saylor, MicroStrategy’s executive chairman, is a big <a href="https://cryptosheadlines.com/peter-thiel-supports-bitcoin-startup-river-with-35m-investment/" rel="noopener noreferrer nofollow">Bitcoin supporter</a>. He sees Bitcoin as a <a href="https://cryptosheadlines.com/frances-cbdc-to-play-key-role-in-digital-assets/" rel="noopener noreferrer nofollow">key part of the shift to digital assets</a> from traditional ones, calling it digital property protected by technology.MicroStrategy’s Bitcoin investment isn’t just boosting its crypto holdings but also lifting its stock price. Its stock, known as MSTR, has been rising steadily, getting closer to being part of the S&amp;P 500 index.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Arkham Intelligence Reveals MicroStrategy’s Bitcoin Holdings

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