Strategy’s Michael Saylor rejects on-chain Proof-of-Reserves due to ‘liability’

Strategy, formerly known as MicroStrategy, is unlikely to disclose its substantial Bitcoin holdings through on-chain proof-of-reserves (PoR) due to security concerns. Company chairman Michael Saylor believes sharing wallet data creates risks for hackers and malicious actors. The crypto community criticizes this stance, arguing that PoR does not compromise asset security. Other companies, like Binance and Bitwise, have embraced PoR for transparency. Despite holding a large amount of BTC, Strategy has not followed suit.