Arkham Intelligence estimates that publicly labeled wallets and Fidelity Custody accounts cover roughly 78% of Strategy Inc.’s $71.4 billion Bitcoin position. Strategy-labeled on-chain wallets hold $40.28 billion, while another $15.5 billion is tagged within Fidelity Custody, bringing the identified total to $55.78 billion. Arkham’s dashboard showed approximately 478,199 BTC across about 1,600 Strategy-associated addresses at a snapshot price of $84,238. The tracking includes pooled custody, where Fidelity can move customer assets between addresses without changing ownership. Arkham previously identified 97% of Strategy’s Bitcoin in May 2025, and analyst Emmett Gallic said 3,568 BTC leaving Strategy-labeled addresses reflected normal Fidelity custody operations. Strategy reported 847,666 BTC after purchasing 1,665 BTC for $142.7 million between Sept. 21 and Sept. 27, bringing its total cost to approximately $63.95 billion at an average price of $75,437 per bitcoin.