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Michael Saylor, executive chairman of Strategy, stated that publishing wallet addresses introduces vulnerabilities, stating that AI could generate 50 pages of security risks of publicly publishing Bitcoin wallet addresses

Strategy has never disclosed its full wallet addresses, leading some critics to question the accuracy of its stated Bitcoin holdings

Michael Saylor, executive chairman of Strategy, said, “Publishing a simple wallet that you can track is really just a crypto parlor trick,” and advised instead to avoid “shaky offshore exchanges run by juvenile tweakers” and self-custody their own assets

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), stated that proof-of-reserves is a “bad idea” because it does not present a full picture of a company’s financial health and creates securities threats

Binance, Bitfinex, Kraken, Bitwise, alongside other crypto companies, began offering proof-of-reserves disclosures after the 2022 collapse of FTX in an effort to rebuild user trust through on-chain transparency

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