Researchers have identified approximately 78% of Strategy’s total Bitcoin holdings, despite Michael Saylor’s stated intention to never disclose the company's wallet addresses. Labelled on-chain wallets currently hold $40.28 billion in Bitcoin, while an additional $15.5 billion has been tagged within Fidelity Custody accounts. These identified assets account for roughly $55.78 billion of Strategy’s total $71.4 billion Bitcoin position. The identification follows analysis first published in May 2025 that successfully mapped 97% of the corporate treasury's cryptocurrency reserves, marking the first public attribution of these specific wallets.