Strategy’s Michael Saylor rejects on-chain Proof-of-Reserves due to ‘liability’

With over 580,000 BTC held, Strategy's avoidance of proof-of-reserves disclosure raises eyebrows among critics.

May 27, 2025

Happy Tuesday!

Michael Saylor rejects on-chain Proof-of-Reserves for Strategy's Bitcoin holdings, citing security and liability concerns amid growing calls for transparency. Meanwhile, the SEC's Crypto Task Force meets with Nasdaq and DeFi startups to discuss securities tokenization and regulatory sandboxes. Bitcoin holds steady below its all-time high, entering a healthy consolidation phase despite profit-taking and tariff worries. Read more below.

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The global crypto market cap is $3.47 trillion, with a 24-hour volume of $126.41 billion. The price of Bitcoin is $110,215.43, and BTC market dominance is 63.1%. The price of Ethereum is $2,669.90, and ETH market dominance is 9.3%. The best-performing sector is Virtuals, which gained 12%. The Crypto Fear & Greed Index is currently Greed (74).