Adam Back Calls Concerns Over Strategy’s 32 BTC Bitcoin Sale for Dividends Overblown

Blockstream CEO Adam Back has dismissed concerns about Strategy following its sale of 32 BTC to support preferred stock dividend payments. In a Bloomberg interview, he said the market reaction has been overstated.

He added that the transaction instead reflects the company’s ability to use its Bitcoin reserves to fulfill investor obligations while simultaneously working to reduce leverage, rather than signaling any weakness in its broader Bitcoin treasury strategy.

Source: Bloomberg