The following is a guest post and analysis from Shane Neagle, Editor In Chief fromThe Tokenist.
On Tuesday, Michael Saylor, the Executive Chairman of MicroStrategy (NASDAQ: MSTR), riled up the Bitcoin part of the internet. At an event adjacent to Bitcoin 2025 conference in Las Vegas, Saylor was asked whether the company (rebranded as Strategy) has any plans to publish proof-of-reserves for its Bitcoin stash, presently holding 580,250 BTC (~$62.8 billion).
Answering the question, Saylor made it apparent he is not a fan of the idea because:
“It actually dilutes the security of the issuer, the custodians, the exchanges and the investors. It’s not a good idea, it’s a bad idea. It’s like publishing the addresses and the bank accounts of all your kids and the phone numbers of all your kids. And then thinking, somehow, it makes your family better.”
Many influencers have already likened such sentiment to Sam Bankman-Fried. It was during the collapse of his FTX crypto exchange when
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