Bitcoin asset issuance is a "badass idea" = Strategy's Chairman Saylor

## Asset proof is a badass idea

Michael Saylor, chairman of MicroStrategy (now known as Strategy), stated at a related event of the large conference "Bitcoin 2025" that releasing the company's on-chain proof of reserves is a "badass idea."

Regarding this reason, Mr. Sailor pointed out that the disclosure of asset proof poses security risks. He also explained that asset proof that does not list liabilities is insufficient to assess the financial health of a company.

Mr. Sailor's statement this time was made in response to a question asked on the 27th at an event related to Bitcoin 2025, inquiring whether Strategy Co. has plans to publicly disclose on-chain asset proof.

Proof of assets gained attention especially when the trust in centralized exchanges was greatly shaken by the collapse of the cryptocurrency exchange FTX. At that time, exchanges like Binance were moving to release proof of assets to restore trust, but since then, questions have been raised regarding the content and creation methods of the proof of assets.

Mr. Sailor argues that making asset proof public this time would lower the security of issuers, custodians, exchanges, and investors. He pointed out that such an act is like "making public the addresses and bank accounts of all your children."

What is a custodian?

Refers to companies that hold and manage assets on behalf of investors. A term widely used for assets other than cryptocurrencies.

It is also explained that by disclosing your wallet address, you increase the risk of becoming a target for hackers and badass states. Additionally, it is conveyed that in asset proof, it is necessary to also list liabilities, and that institutional investors place more importance on audited financial information submitted as a listed company than on asset proof.

Strategy Corporation holds the most Bitcoin (BTC) among publicly traded companies. On the 26th, it reported that it invested a total of $427 million to purchase 4,020 BTC between May 19 and May 25, 2025, bringing the company's Bitcoin holdings to over 580,000 BTC.

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