Michael Saylor "Revealing Institutional On-Chain Holdings Could Cause Serious Security Risks"
Summary
- Michael Saylor, CEO of MicroStrategy, warned that revealing on-chain data of virtual assets held by institutions could cause security risks.
- He pointed out that the currently widely used proof of reserves method could weaken security for issuers and investors.
- Saylor stated that public wallet addresses pose long-term tracking risks and offer no substantial benefits to institutions.
As institutional demand for virtual assets (cryptocurrencies) continues to grow, concerns have arisen regarding on-chain data that can verify the virtual assets held by institutions.
According to Cointelegraph, a virtual asset specialist media outlet, on the 27th (Korean time), Michael Saylor, CEO of MicroStrategy, stated at the Bitcoin 2025 Conference that "posting about the virtual assets held by institutions could weaken the security of the assets."
Specifically, he pointed out that "the currently widely used proof of reserves method is not secure and could weaken the security of issuers, custodians, exchanges, and even investors," adding that "public wallet addresses could pose long-term tracking risks and offer no substantial benefits to institutions."
Uk Jin
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