#Saylor was asked if #MSTR will ever show proof-of-reserve and Saylor replied that the reason #Strategy doesn’t show proof-of-reserve is for security reasons.

This answer raises more than an eyebrow. It’s unlikely that Saylor isn’t aware that he could prove MSTR’s #Bitcoin reserves in a private manner through zero-knowledge proofs. Maybe that’s not a service that #Coinbase is willing to provide but why not just say so in that case?

It seems to me that this response hides something bigger. I really only see two reasons as to why Startegy wouldn’t show proof for its #BTC holdings:

1) There are some accounting trickeries going on between Coinbase and their big institutional clients (#BlackRock, Strategy…). Maybe some form of paper Bitcoin or other tricks allowing them to manipulate the market.

2) Saylor knows, he will have to sell some BTC at some point and he doesn’t want the move to be broadcasted publically until officially announced.

What other reasons do you think of?

If Saylor is so concerned about the #privacy of its holdings maybe he just needs a #Monero.