BTCS CEO: Frequent Public Disclosure of Crypto Holdings Not Necessarily in Shareholders' Best Interests

BlockBeats News, August 17th, Charles Allen, CEO of the Ethereum strategic reserve company BTCS, stated that although the cryptocurrency space emphasizes real-time transparency, U.S. listed companies follow a quarterly disclosure rhythm, and for major events, they must disclose within 4 days—this is the current requirement.

U.S. listed companies can certainly choose to disclose information more frequently, as long as they avoid involving GAAP (Generally Accepted Accounting Principles) metrics that require auditor review.

However, more frequent disclosure is not always in the best interest of shareholders, and the board has a fiduciary duty to protect shareholder interests. After all, laying all your cards on the table is not the way to win at the game.