TechFlow news, May 27 — According to The Block, Michael Saylor, co-founder and Executive Chairman of Strategy (formerly MicroStrategy), said during the Bitcoin 2025 conference in Las Vegas that on-chain proof of reserves is a "bad idea" and poses a security risk to companies. He argued that publicly disclosing wallet addresses could make them targets for hackers and nation-state actors, and merely showing assets while ignoring liabilities fails to provide a complete financial picture.
Saylor advised bitcoin investors to self-custody their assets, while institutional-level transparency should be achieved through audits conducted by one of the Big Four accounting firms and certified by corporate executives. He mentioned that zero-knowledge proof technology might be considered in the future for proof of reserves, provided security can be ensured.
