Arkham Doxxes Strategy’s $54.5 Billion Bitcoin Stash Onchain

GM. Arkham says it’s found 70K more BTC linked to Strategy, bringing Saylor’s onchain stack to $54.5B and challenging his vow to keep wallet addresses secret.
Meanwhile, OpenSea preps for its SEA token launch, Pakistan unveils a national Bitcoin reserve, and Bybit secures a MiCA license to expand across Europe.
Here are the top crypto headlines before the weekend hits. 👇
Arkham Doxxes Strategy’s $54.5 Billion Bitcoin Stash Onchain
Arkham Intelligence claims to have uncovered 70,816 additional Bitcoin tied to Strategy, formerly MicroStrategy, bringing total identified onchain holdings to 525,047 BTC. The stash, worth $54.5 billion, represents 87.5% of the company’s total Bitcoin treasury.
The discovery surfaced Wednesday, days after Strategy chairman Michael Saylor reiterated his opposition to revealing wallet addresses during a keynote in Las Vegas. “No institutional grade or enterprise security analyst would think it’s a good idea to publish all of the wallet addresses,” he warned.
Arkham’s discovery directly challenges that stance, using proprietary heuristics to link unlabeled wallets to the firm’s holdings outside known custodians like Fidelity and Coinbase. “Saylor said he would never reveal his addresses, so we did,” the firm posted.
Questions remain over methodology, as Bitcoin Treasuries reports 580,250 BTC held by Strategy, a figure that includes self-reported disclosures. Arkham’s approach relies on blockchain forensics, and the firm’s new KOL tracking tool aims to pierce institutional opacity in real time.
OpenSea Upcoming SEA Token Tied to OS2 Platform Launch
OpenSea confirmed that SEA token distribution hinges on several key platform updates still in development. CMO Adam Hollander said the token's launch will follow the rollout of feature upgrades that ensure utility and long-term community value. While no date was offered, OpenSea said it's “moving with urgency” and tracking organic user activity closely.
The company also ended beta testing for its OS2 platform, now fully live with cross-chain support and faster token swaps. A new rewards system, called Voyages, has launched alongside the release to incentivize exploration and engagement. Users can earn XP for completing tasks and later redeem them, possibly in SEA, once the token generation event arrives.
Pakistan Launches Strategic Bitcoin Reserve Program
Pakistan has announced its first government-backed Strategic Bitcoin Reserve, aiming to reposition the country as a hub for crypto and blockchain. Bilal Bin Saqib, the newly appointed special crypto advisor, made the announcement at Bitcoin Vegas 2025. The reserve includes a national wallet and a 2,000MW energy allocation for mining and AI centers.
The government will also create a new digital assets authority to regulate, license, and protect investors under FATF-aligned guidelines. Saqib urged global firms to “build in Pakistan,” citing 40 million local crypto wallets and a booming freelance economy. He emphasized that the initiative is a bet on long-term sovereignty in digital finance.
Crypto Exchange Bybit Obtaines MiCA License in Austria
Crypto exchange Bybit has secured regulatory approval from Austria’s FMA under the EU’s MiCA framework, enabling it to serve all EEA countries. The exchange announced its new European headquarters in Vienna on May 29, positioning itself to reach nearly 500 million potential users. The company will hire over 100 local staff to expand its operations.
CEO Ben Zhou said the move underscores Bybit’s “compliance-first” strategy and long-term EU growth ambitions. Vienna-based CEO Mazurka Zeng said the company aims to promote innovation and partner with universities through its Blockchain for Good initiative. Founded in 2018 and now headquartered in Dubai, Bybit ranks as the second-largest crypto exchange by trading volume.
Data of the Day
Bitcoin could enter another consolidation phase if current price action fails to gain momentum, analyst Willy Woo said on X. After rising from $75K to nearly $112K, BTC is now showing signs of weakening support. Woo called this a “pivot zone,” where the outcome of the week may steer markets for months.
He added that buyer liquidity still leads overall, suggesting long-term strength despite near-term risk of sell pressure. Analysts at Bitunix said $110,800 remains the pressure point, while $108,000 is key support. Meanwhile, Donald Trump Jr. and Eric Trump predicted Bitcoin could hit $170K by 2026, and Adam Back claimed $1 million is within five years.

More Breaking News
- TON under pressure as Elon Musk pushed back against Telegram's Pavel Durov’s announcement by firmly stating that xAI did not sign any deal with the messaging app.
- Russia’s central bank now allows financial firms to offer crypto-linked derivatives to qualified investors, provided they’re cash-settled only.
- Ripple’s Hidden Road launched OTC crypto swaps in the USA, expanding institutional access to off-exchange crypto trading for major assets.
- Circle froze $58 million in USDC linked to the Libra meme coin scandal, though legal jurisdiction and request details remain in dispute.
- SOL Strategies filed to raise up to $1 billion for Solana-focused investments, despite having no immediate plans to issue new securities.
- GameStop stock fell 11% after revealing its $513 million Bitcoin buy, as markets reacted with a typical post-news price correction.
- Tether-backed Twenty One Capital raised $100M more, bringing its Bitcoin war chest to $685M as it builds out one of crypto’s largest treasuries.
For the latest updates on digital asset markets, follow us on X @Datawalletcom.
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Written by
Jed Barker
Editor-in-Chief
Jed, a digital asset analyst since 2015, founded Datawallet to simplify crypto and decentralized finance. His background includes research roles in leading publications and a venture firm, reflecting his commitment to making complex financial concepts accessible.