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The strategy has repeatedly reached the idea of issuing evidence of the store, citing various reasons for this stance. Recently, the strategy chairman Michael Surer, the company’s CEO Fong Le, and Executive Vice President Andrew Kang provided new comments on why the strategy is so much that transparency is not impossible.
Summary
- Duining the earnings call, the execution of the strategy expressed resurrection to release the evidence of the store
- He cited safety issues, desire to shake markets with regular detention, decent thread -party audit, and on -4 transparency as long as there
- Michael Siler and Fong Le said that
“We are working on the methods of reaction that we provide that transparency”
On July 31, 2025, as part of the Q2 income call, the strategy was condemning a Q&A session. Mark Palmer of the benchmark asked the strategy whether the proof of the store would be an element that would be understood for the company at this point. ” He said that Trusse is one of the elements of bitcoin that makes it attractive and ensures that one of the large asset management crypto companies is Alleedies Relements.
Michael Siler said the company is studying the possibility of being more transparent. “We are working on the methods of reaction that we provide curls that transparency,” he said. “In responsible ways,” Sayler means not only the security strategy, which can put in danger by the reserve’s Provofof, as it smells, but is the state of the overlaral crypto market. He brought the matter when the news of 80,000 BTC sales of Galaxy Digital made headlines and according to Solar, triggered the “Anarchy” on the Crypto X and the market.
Saylor does not want to intimidate those who “resume routine custody” and bother the market, so he thinks that it is responsible for not disclosing the address of the strategy of strategy. As people on X pay too much attention to every movement between the walls, Caller believes that it is better to keep the transaction of the strategy related.
The CEO of the strategy, Fong Le placed a separate card. He said that the strategy is an American public company that offers “high dividend yields” and “better performance through intelligent leverage”. And if the team had to dedicate more time for the evidence of the stores, then they will not be given so much benefits to the strategy customers.
What he said here:
“We have 15 people working on it. Can you imagine if we have to take two to work on the evidence of the store, then you cannot stretch Woyldn, you do not get a strike, you don’t get a strip, you get all other products innovations that are still focusing on our energy.”
Like Saylor, Le said that as soon as the strategy finds a good way to increase transparency, they will do so.
The final company’s executive vice -president was Andrew Kong to comment on the revival of the strategy to release the proof of the reserve. They are reminded of Palmer and all listers that stores of strategy are subject to audit through two audit companies from Big Four. They audit a quarter or at least one year.
Michael Sayler had reservation about transparency earlier
People of the Crypto community have been emphasizing the strategy for a long time to issue evidence of the store. By August. 4, 2025, strategy claims to have a bitcoin 628,791; How, not everyone is limited that the company actually explains many bitcoins.
Others believe that the strategy may actually be these bitcoins, but warns that independent audits as a lack of evidence of the store are only once in a quarter, leaving the room for interval for interval between them.
Although many people do not demand that the strategy issues evidence of reserves, from time to time, Saylor will have to explain that the strategy DOSN cannot embrace transparency.
In a clip emerging on X in May, Sailler says that the addresses of the posting strategy wallets are careless as Vols, such as a children is negligent as a children and phone number publishing, hopefully it will make the family better.
For the effects of the huge transactions mentioned by Saylor, the very case with the 80,000 BTC sold by the Galaxy Digital triggers only a short -term instability, and the over response to the event was moderate, as people know about the stability of bitcoin, something that actively promotes themselves.
Has Michael publicly done duty for bitcoin strategy?
Steve Gregory, the founder of the Vtrader Exchange, gave a deep reflection on whether Saylor should remove the wallet address of strategy. What he is saying here:
I think the issue here is: Michael Sayler of Micostrati has done duty to publicly disclose the bitcoin purse of the strategy?
Before we do this, some thoughts. By the end of July, he holds more than 629,000 bitcoins, which costs more than $ 46 billion – about 3%of all mining bitcoins. They are the largest bitcoin treasury company ever, by the magnitude of 10X. Apparently, any movement in the strategy purse can send shockwaves through markets. The wallet rebelnsing business is the market in some panic-cell mode as something simple.
Many in crypto knowledge, it is in the form of earthen utensils to get an alert, so another interest is made. This is unlike traditional markets, where notification for such action will be followed by this fact. Even if an internal source of the company chose to sell shares, it would only be after weeks that the public will know.
In addition, in traditional markets, there are circuit breakers to curb large -scale swings in instability, or “boundary below” rules. For example, if the strategy either shares the opening on the nasdaq on the nasdaq in any way, it is said, 20%, trades the first 7% first for 15 minutes. Then, after a drop of 13%, it will be stopped another 15 minutes. Finally, if it falls 20%, the trading for the strategy will be ready for the memory of the day. These circuit breakers limit excessive whips in the market and preserve market structure.
Now apply it to crypto markets. If, if it is, the wallet of strategy all run at the same time and send their bitcoin to the spot market exchange like coinbase, Vtrader, Gemini, Crackon and the market saw these tricks on the chain-it can sell the panic. There will be no railings from the markets to prevent the price of bitcoin from 50%, 70%, even 99%exit.
We say that something similar happens in March 2020.
My thinking that Michael Sure risk his entire company, reputation and personal luck to go to Bitcoin. He wants to protect the property on which he has an incredibly large condition. The safest way to publicly disclose the places of your purse.
For this, as a counterpoint, the strategy is a public company. For example, public companies should go through audited financial. In addition, accounting standard for a public company is more rigorous than a regular company’s audited finance. So a lot so that control is very great for public colleagues, it is one of the main reasons that America has such strong capital markets. Strict standard beliefs bring.
Saylor and the strategy know that at least annual, all bitcoins are audited by each wall, triple-checked, and confirmed by their big future beds. Additionally, there are countless analysts on Wall Street and AI Bots who are combing their public finance, public revelations and calls exactly through every word.
It is not to say that public companies may not be engaged in fraud first – or not, but controlling it in place for a public company kills it.
Some people may say that the station of Saylor and Strategy does not publicly leave the purse to some extent, but goes somewhat against the original ethos, it is a non -sequential, as it is a public blockchain, and the wallets can be identified with the right equipment. In addition, if you believe in preserving the integrity of the market, it is an app to unknowingly avoid the market to avoid teasing.
Evidence of store is not a tendency
In 2024, the asset management company became the first cryptocurrency firm to issue evidence of the Bitwaiz Reserve. It published the address of its spot Bitcoin ETF Reserve in January 2024.
On the one hand, Bitwaiz did not model a role model, and no other large reputed company from Crypto Space is at its footsteps in terms of transparency. On the other hand, the company succeeded in keeping its holdings wells, putting a shadow on Sayler’s comments about safety issues related to transparency.
More, it is actually positive to monitor most strategies of holdings through blockchain data collected by Arcum Intelligence. The company has identified about 90% of the strategy holdings, and Saylor does not seem upset with it. Therefore, his fear of identifying the address of strategy is not a big deal. It is worth saying that Arkham may not be 100% accurate.
As Saylor said earlier, in future potential, strategy will apply some zero-knowledge solutions to increase transparency, so no one will look at its joint, but will have the ability to ensure that they keep their bitcoins. It is not clear how it is, given the existence of platforms like Arakham.
