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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Saylor’s Bitcoin Secrets Unveiled: Arkham Identifies Additional 70,000 BTC In Holdings

Ronaldo Marquez
Ronaldo Marquez
1 week ago
2 mins read
Bitcoin

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Michael Saylor, co-founder of the Bitcoin (BTC) proxy firm Strategy (formerly known as MicroStrategy), has reportedly amassed a considerably larger Bitcoin (BTC) portfolio than previously disclosed. 

According to blockchain analysis platform Arkham Intelligence, Strategy’s (MSTR) holdings are now estimated at approximately 624,000 BTC, valued at around $59.92 billion.

Strategy’s Bitcoin Assets Soar

In a recent social media update on X (formerly Twitter), Arkham revealed that they have tracked 97% of Saylor’s Bitcoin holdings. This includes an additional 70,816 BTC belonging to Strategy, which brings the total identified BTC holdings to a staggering $54.5 billion. The firm emphasized that this identification marks the first public acknowledgment of these substantial assets.

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Arkham clarified that 87.5% of Strategy’s reported holdings consist of Bitcoin, including assets held in Fidelity Digital’s omnibus custody. Previously, the firm had tagged about 107,000 BTC sent to Fidelity deposits. 

Because Fidelity does not segregate custody, this Bitcoin is not listed under the MSTR entity. Additionally, over 327,000 BTC are held in segregated custody within the MSTR entity.

In their latest update, Arkham identified an extra 53,833 BTC valued at $5.75 billion, further solidifying their coverage of Saylor’s Bitcoin holdings. The updated figures result in a difference of nearly 45,000 BTC compared to Saylor’s earlier disclosure, which claimed that Strategy’s total Bitcoin holdings stood at approximately 580,250 BTC, acquired for a total investment of $40.6 billion at an average price of $69,979 per token.

BTC-Backed Financial Infrastructure With New Program

Despite the volatility of Bitcoin prices, Strategy, under Saylor’s leadership, continues to aggressively accumulate Bitcoin. On Monday, the firm disclosed the purchase of additional 4,000 BTC for little over $427 million at an average price of $106,237 per token. 

Moreover, as NewsBTC reported last week, the firm announced the launch of a $2.1 billion At-The-Market (ATM) equity program for its preferred stock, Strife (STRF). This initiative is seen as a strategic move toward establishing a robust Bitcoin-backed financial infrastructure.

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During an investor update, CEO Phong Lee, alongside Saylor, highlighted the impressive performance of the firm’s Bitcoin-linked securities, Strike (STRK) and Strife, as key drivers behind this expansion. 

It’s worth noting that neither Saylor nor his firm has disclosed any new updates regarding the information provided by Arkham or made a public statement about the matter so far. 

Bitcoin
The 1D chart shows BTC’s retrace from its all-time high. Source: BTCUSDT on TradingView.com

Bitcoin on the other hand, has seen a retrace of over 5% from its record high reached last week, currently trading at $106,111 per token. 

Featured image from DALL-E, chart from TradingView.com 

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Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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