Twenty One, a Bitcoin infrastructure firm led by Strike CEO Jack Mallers, introduced the Proof of Reserves (PoR) protocol. The disclosure revealed over 42,000 BTC held in five public addresses, with contributions from major players like Tether, Bitfinex, and SoftBank. Mallers detailed holdings including 14,000 BTC from Tether, 7,000 BTC from Bitfinex, and 10,500 BTC from Tether on behalf of SoftBank. The remaining BTC came from a recent funding round. While some view this as a positive step for crypto finance, others like WhaleWire's CEO Jacob King criticize it as market manipulation. The debate over wallet transparency continues as MicroStrategy and Trump Media & Technology Group make their own Bitcoin treasury moves. MicroStrategy's reluctance to disclose wallet addresses contrasts with TMTG's $2.3 billion Bitcoin vault financing deal. As Bitcoin's role in capital markets grows, transparency and accountability become increasingly important. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC