Saylor refuses a reservations for Strategy: “It’s a bad idea”

By Hannah Pérez

The founder of Strategy, Michael Saylor, explains why he does not want reservations for his company. He considers them a security risk. Saylor recommends Bitcoin’s self -ocustody and “Do not publish your wallet.”

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• The founder of Strategy expresses his rejection of chain reserve tests.
• “The best practice is not to publish the wallet,” Saylor said, warning about the security threat.
• He did not close to Strategy adopting some type of reserve test for the future, but it is not his inclination.
• Saylor spoke in favor of self -ocustody and safe corporate transparency practices.

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The executive president and founder of StrategyMichael Saylor, has rejected the idea of ​​establishing a chain reservation test system for real -time monitoring of holdings of Bitcoin of the company.

Speaking on Monday at an event parallel to ‘Bitcoin 2025’ in Las Vegas, Saylor shared his perspective on reserve tests, warning that these can represent security threats.

“Actually dilutes the security of the issuer, custodians, exchanges and investors. It is not a good idea, it is a bad idea”Said Bitcoin’s enthusiastic businessman in response to an assistant’s question.

I ASKED @saylor if @Microstrategy You have any plans to publish on-chain proof of reserves

His Answer Will Shock You

“It’s a Bad Idea.”

– Security Risk
-Irrelevant Without Also Having Big 4-Audited Liabilities

Check it out 👇 pic.twitter.com/tixuckgbep

– Mitchell ✝️🇺🇸 (@Mitchellhodl) May 27, 2025

A reservations (proof of reserve or by, for its acronym in English) is a process in which a company or cryptocurrency custody –Like an exchange– It shows that it has enough funds in reserve to support the balances that its users have in their accounts. The cryptocurrency addresses is often made public.

This transparency mechanism gained popularity after the collapse of the exchange FTX At the end of 2022, an event that left insecure investors on whether crypto platforms had enough assets to cover deposits. Many industry companies widely adopted measures for that time to demonstrate the transparency of chain holdings.

However, there are critics who argue that the approach falls short, since it often omits audited fiduciary reserves, liabilities and other key data necessary to evaluate the complete financial health of a company, as highlighted The Block.

Publish your Bitcoin address “It’s a bad idea”

In his response, Saylor put on the side of critics. Although he acknowledged that the industry has lessons to learn from the failures of FTX and Mt. GoxHe argued that the reservation test is not the most appropriate approach to corporations.

He also stressed that no security professional at the business level would advise a company to reveal all wallet addresses, a practice that is part of the usual process of reserve tests.

It is like publishing the address and bank accounts of all your children and their children’s phone numbers, and then thinking in some way that makes your family better. Does not improve your family.

Ask any AI to list the risks and obtain the vulnerabilities of a book, continued to say, identifying practice as a “ATTACK VECTOR FOR HACKERS” and “all kinds “ of malicious actors “imaginable“

The co -founder also emphasized that while transparency is important, the reservation test only shows what a company possesses and does not reflect its debts, which makes it an incomplete extent to financial health.

In this regard, he assured that, for a public company such as Strategyexternal audits and reports under the responsibility of the United States law results “Much better than simply a reservation test wallet“

Open to some type of reserve test, but not now

Strategypreviously called Microstrategyhas been actively accumulating Bitcoin From 2020 as part of a pioneer strategy focused on converting the world’s greatest cryptocurrency into its main strategic reserve asset. With 580,250 BTC in the Treasury, it has been crowned as the public corporate head of Bitcoin bigger in the world.

Due to its American public company status –that quote your actions in the American Stock Exchange– Strategy regularly publishes financial reports to the Bag and Securities Commission (SEC), where their holdings are reflected Bitcoin. On Monday, the company revealed in a dissemination its most recent purchase for USD $ 427.1 million to add 4,020 BTC additional to its balance.

In addition to these regulatory reports, online tools have also been generated that track the huge treasure of Bitcoin of Strategyand the public company itself on its investments in the cryptocurrency on its website.

In this regard, Saylor said he is not denied to implement reservation tests at some point. At least through zero knowledge tests that completely darken wallet addresses. Although he said that even then, it would have to be approved by the company’s managers and ensure that there are no security gaps.

First of all: autocustody your Bitcoin

The enthusiast of Bitcoin He was also emphatic in his position in favor of cryptocurrency self -system, advising anyone who wants to expose himself to Bitcoin Opt for the direct and personal management of your funds.

Cryptocurrency autocustody refers to the practice of directly storing and controlling their own digital assets, using a personal wallet (for example, a hardware or software purse) instead of trusting a third party as a third Exchange or centralized platform. This gives the user private keys, giving full control and responsibility on their funds.

“If you really want cryptographic security and you are Maxi about this, my suggestion is to buy Bitcoin and self -limit your bitcoin. It’s quite obvious, right? You should be the owner of the bitcoin yourself if that is what you want“Saylor said. “The best practice is not to publish the wallet“

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Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI tool, under free use license

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