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

Event date

May 26, 2025

Quotes that support claims

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.

Bitcoin expert Michael Saylor, executive chairman of Strategy, considers publishing on-chain proof-of-reserves a detrimental idea due to its significant security implications. When asked about organizations adopting the transparency measures at a May 26 event on the sidelines of the Bitcoin 2025 conference in Las Vegas, Saylor stated, “The current conventional way to publish proof of reserve is an insecure proof of reserve.

Responding to a question on whether Strategy (formerly MicroStrategy) has any plans to publish onchain proof-of-reserves during a sideline event ahead of Bitcoin 2025 in Las Vegas on Monday night, the company's co-founder and executive chairman, Michael Saylor, said it posed security threats.

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Week 22 of 2025