Michael Saylor Refuses to Publish Strategy’s Bitcoin Reserves, Citing Security Concerns

Strategy, a prominent bitcoin investor, has resisted disclosing its cryptocurrency holdings, raising concerns about the company’s transparency and the legitimacy of its claims. Michael Saylor, chairman of Strategy, recently explained his rationale for withholding this information, citing potential vulnerabilities in public disclosure practices. 580,250 bitcoins is the current figure Strategy reports as holding, yet many remain skeptical given lack of verifiable proof. Saylor argues that publishing bitcoin wallet addresses poses significant security risks to all stakeholders, including issuers, custodians, exchanges, and investors alike. This stance is a departure from traditional transparency standards in the cryptocurrency industry.