BTCS CEO: Frequent public disclosure of encryption holdings information may not be in the best interest of shareholders.

On August 17, Charles Allen, CEO of BTCS, a strategic reserve company for Ethereum in the US stock market, stated that although the crypto assets field emphasizes real-time transparency, publicly traded companies in the US follow a quarterly disclosure rhythm and must disclose major events within 4 days—this is the current regulation. Publicly traded companies in the US can certainly choose to disclose information more frequently, as long as they avoid metrics that require auditor review under GAAP (Generally Accepted Accounting Principles). However, more frequent disclosures do not always align with the best interests of shareholders, and the board has a fiduciary duty to protect shareholder interests. After all, laying all the cards on the table when playing is not the way to win.