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

Odaily News Michael Saylor, executive chairman of Strategy, 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 currently commonly used proof of reserves method is insecure and 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 for institutions.
When asked whether Strategy would publish proof of reserves, Saylor declined to answer directly, responding only that “it’s a bad idea,” adding that “reserves alone are meaningless without also disclosing liabilities audited by the Big Four.” (cointelegraph)