Michael Saylor, executive chairman of Strategy, emphasized that proof-of-reserves fails to account for a company’s liabilities, which are essential to evaluating its actual solvency and risk exposure

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May 26, 2025

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The Strategy co-founder also picked up on the lack of the liabilities side of the equation

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.

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Week 22 of 2025