BlockBeats News, May 27th, during the Bitcoin 2025 conference in Las Vegas, Michael Saylor stated that instituting On-Chain Proof of Reserves is not a good idea and may actually weaken asset security. He pointed out: "The currently widely adopted Proof of Reserves method is insecure, as it dilutes the security of the issuer, custodian, exchange, and even the investor."
Saylor emphasized that publicly exposing wallet addresses could pose a long-term tracking risk and does not provide any real benefits to institutions. When asked if Strategy would be releasing Proof of Reserves, Saylor declined to give a direct answer, only responding: "This is a bad idea," and adding, "Revealing reserve information alone is meaningless without also disclosing audited liabilities by the Big Four accounting firms."
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