Quote from: Fiatless on June 02, 2025, 05:47:40 AM

Quote from: bbc.reporter on June 02, 2025, 04:48:14 AM

Quote from: DaveF on June 01, 2025, 11:43:08 AM

Have not really been following this, mostly because I really don't care about it, but Arkham has been wrong before with who owns what addresses.

In the end does it really matter? It seems to be their thing. Wait for people to make noise about some holdings and then come out with a press release saying "we found them" and then when it's shown not to be accurate never mention it again.

-Dave

They might have been wrong before, however, you cannot declare for certain that they are wrong on this tracking on Strategy's wallets. Also, it is also very much important to know how many times Arkham has been wrong compared against how many times Arkham has been correct in their findings.

In any case, it does not matter for you, however, to avoid fuddering Michael Saylor and Strategy's very big investment on bitcoin, this should be tracked and audited.

If they have been wrong just once, it shows that they might not be right about MicroStrategy's wallets. I don't know if it is mandatory for a company to publish its financial position on the Internet. The standard practice is to submit an audited report conducted by a Big Four auditing firms to the Securities and Exchange Commission (SEC) and their shareholders. These regularly audited reports should be signed by directors who will be both civilly and criminally liable if the audit is inaccurate.

Some crypto films that make their proof of reserves public are not sincere. They could get or borrow funds from other sources to boast the reserve and it can be withdrawn after the audit. Some of them don't also publish their liabilities.

Arkham should respect the privacy of Michael Saylor.

Thank you for sharing this argument because this has also supported my argument. It will be very headshaking because if this might imply that if firms that make their proof of reserves public are not sincere, this might open an argument that firms that keep their reserves private might not also be sincere.