Adam Back: Strategy Won't Go to Zero, Bearish Stance on STRC Is Unfounded

Odaily reports that crypto punk pioneer Adam Back stated that negative market views on Strategy and its preferred stock STRC are unfounded. What Strategy does is essentially sell Bitcoin to pay dividends, without altering its Bitcoin reserve strategy. In fact, it is "proving that it can pay returns to investors through Bitcoin while reducing its debt ratio."

Adam Back further pointed out that Strategy is showcasing a new financial model to the market, where Bitcoin could potentially become an alternative asset to cash for corporate asset management and capital operations. He argued that the FUD sentiment surrounding MSTR and STRC is overstated, and Strategy will not "go to zero." Its long-term value lies in its continued holding of Bitcoin and in driving market understanding of Bitcoin's monetary properties.