Key risks for a US-based, publicly traded software company disclosing its Bitcoin wallet address as part of a Proof-of-Reserve strategy include:

Security: Risk of hacking, phishing, and physical threats due to wallet visibility.

Reputational: Public scrutiny of holdings, market volatility, and unintended association with illicit addresses.

Regulatory/Legal: Possible compliance issues or sanctions if malicious actors send funds.

Operational: Exposed strategic moves and potential front-running by traders.