Mr.Arshman

06/21 15:24

Adam Back says Strategy’s Bitcoin sale is a featur

#World Cup Predictions: 100,000 USDT Daily #TradFi Trading Strategies Sharing Challenge #HTX Creation Challenge — Post and Win 1,500U 💥

Blockstream CEO Adam Back said concerns over Strategy’s small Bitcoin sale are overblown, framing the move as normal treasury management rather than a warning sign for the company’s Bitcoin plan. Speaking in a Bloomberg interview shared on YouTube, Back addressed questions about Strategy selling 32 $BTC to help pay preferred stock dividends. He said the sale showed the firm could meet obligations while keeping Bitcoin at the center of its balance sheet. Back argued that the market should not treat the 32 $BTC sale as a bearish signal. In his view, Strategy used a small part of its Bitcoin position to support investor payments and reduce pressure on the capital structure. CYPHERPUNK LEGEND ADAM BACK ABSOLUTELY ENDS THE ARGUMENT AGAINST MICHAEL SAYLOR LIVE ON BLOOMBERG $MSTR AND $STRC FUD IS BASELESS. THEY ARE SIMPLY "SELLING #BITCOIN TO PAY DIVIDENDS" "THEY ARE PROVING THEY CAN PAY INVESTORS WITH $BTC AND REDUCE THEIR DEBT RATIO" He also said the move showed how Bitcoin can function inside a corporate treasury. Rather than showing weak conviction, it showed that a company can hold Bitcoin, raise capital against it and use a limited amount when cash needs arise. Back’s argument also places the sale inside a larger shift in corporate Bitcoin finance, where companies use $BTC alongside preferred shares, debt, common equity, and market tools today.As previously reported by crypto.news, Strategy disclosed on June 1 that it sold 32 Bitcoin between May 26 and May 31 at an average price of $77,135. The sale raised about $2.5 million. The filing said proceeds were expected to fund distributions on the company’s preferred stock. The sale represented about 0.0038% of Strategy’s Bitcoin holdings at the time, but it drew attention because Michael Saylor had long promoted a “never sell” message around Bitcoin. Crypto.news later reporte

1Chia sẻ