Strategy's Bitcoin Holdings Surge 7.6% to 624,000 BTC

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.

In a recent social media update, 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.

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.

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, 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.

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.