Michael Saylor, executive chairman of Strategy, said he is open to future implementations of proof-of-reserves only if they can be performed using zero-knowledge proofs that fully obscure wallet addresses

Event date

May 26, 2025

Quotes that support claims

Saylor added that in the future, he may implement zero-knowledge proof of reserves that would not reveal the wallet addresses publicly. However, this possibility won’t free Strategy from confirming all the data independently by the involved parties and Big Four auditors.

Saylor said he was open to implementing proof of reserves at some point if it could be done with zero-knowledge proofs that fully obscure wallet addresses. But even then, it would need to be cleared with custodians, exchanges, auditors, risk managers, and the company's directors to ensure there are no security gaps, and it still ignores the liabilities side, he said.

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Week 22 of 2025