I’ve been diving deeper down the Bitcoin rabbit hole lately, mostly to keep strengthening my own conviction.

That said, I’m hoping someone can help me understand something — and I promise this isn’t meant as criticism, just genuine curiosity.

Why wouldn’t MSTR share their Bitcoin public addresses?

We’ve seen other big players like Block and even entire countries like El Salvador openly share this kind of information. Am I the only one who finds it a bit surprising that MSTR doesn’t?

Is there a valid reason for keeping this private? I’d love to hear the rationale. From my understanding, a few things stand out:

1. Bitcoin thrives on transparency

If MSTR wants to be seen as a leader in the Bitcoin space, wouldn’t it make sense for them to lead by example?

2. Security concerns can be addressed

Plenty of others publish cold wallet addresses without issues. Public doesn’t mean vulnerable — it just allows for on-chain verification.

3. Multisig adds protection

They could still use something like a 3-of-5 or 5-of-7 multisig setup with custodians like BitGo, Casa, or Unchained to reduce any security risks.

4. We’re relying on trust

Without public addresses, investors are left to rely solely on quarterly financials. That may be fine for now… but it’s not exactly the trustless model Bitcoin is known for.

Just trying to understand different perspectives here. Appreciate any insight

#bitcoin

#nostr