BTCS CEO: Frequent disclosure of cryptocurrency holdings is not in the best interest of public company shareholders

ChainCatcher news, BTCS CEO Charles Allen, a publicly listed Ethereum treasury company, stated on the X platform: While cryptocurrencies emphasize real-time transparency, publicly traded companies typically follow a quarterly rhythm and are required to disclose significant events within four days, according to current regulations.

Of course, publicly traded companies can choose to disclose information more frequently, as long as they avoid using GAAP metrics that require audit review, but more frequent data disclosure may not align with the best interests of shareholders, as the board has a fiduciary duty; after all, revealing all the cards while playing poker is not the secret to winning.