Michael Saylor says it is a “bad idea” for institutions to publicly prove their on-chain reserves, which will bring major security risks

Odaily Planet Daily News Strategy's Executive Chairman Michael Saylor said during the Bitcoin 2025 Las Vegas Conference that it is not a good idea for institutions to issue proof of reserves on the chain, but it may weaken the security of assets. He pointed out: "The current commonly used proof of reserves method is unsafe. It will dilute the security of issuers, custodians, exchanges and even investors." Saylor emphasized that public wallet addresses may bring long-term tracking risks and have no practical benefits to institutions. When asked whether Strategy would issue proof of reserves, Saylor refused to answer directly, only responding: "This is a bad idea," and added that "separate reserve information is meaningless without simultaneously disclosing liabilities audited by the Big Four accounting firms." (cointelegraph)