Adam Back: Strategy Will Not Go to Zero, Shorting STRC Is Baseless

Odaily reported that crypto punk pioneer Adam Back stated that market negativity surrounding Strategy and its preferred stock STRC lacks justification, because what Strategy does is essentially sell Bitcoin to pay dividends, without altering its Bitcoin reserve strategy, and in fact "is proving that it can pay returns to investors through Bitcoin while reducing its debt ratio."

Adam Back further pointed out that Strategy is demonstrating a new financial model to the market, where Bitcoin could become a substitute asset for cash in corporate asset management and capital operations in the future. He added that the FUD sentiment surrounding MSTR and STRC is exaggerated, that Strategy will not "go to zero," and that its long-term value lies in continuously holding Bitcoin and driving market understanding of Bitcoin's monetary attributes.