Michael Saylor, executive chairman of Strategy, warned that emphasis on proof-of-reserves can dilute the importance of security soundness of custodians, issuers, exchanges

Event date

May 26, 2025

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Saylor also pointed out that PoR doesn’t offer a complete picture of a company’s financial health. The Bitcoin bull acknowledged that while the initiative can confirm a firm’s asset holdings, it doesn’t account for liabilities or operational risks, which could potentially mislead observers about a firm’s financial health.

"It actually dilutes the security of the issuer, the custodians, the exchanges, and the investors.

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Week 22 of 2025