Blockstream Co-Founder Addresses Concerns About Strategy’s Bitcoin Holdings

Adam Back, co-founder of Blockstream, addressed concerns raised on X (formerly Twitter) regarding Strategy’s Bitcoin transactions. He clarified that Strategy has consistently bought Bitcoin, and a recent wallet switch was simply a transfer to another custodian, not a sale. Back also highlighted Strategy’s low leverage, with the company holding $64 billion in Bitcoin against just $8 billion in debt, resulting in an approximate 13% leverage ratio. Additionally, he noted that Strategy’s debt is long-term, removing any immediate repayment urgency.