Blockstream Co-Founder Clarifies Bitcoin Holdings of Strategy

According to Foresight News, Blockstream co-founder Adam Back recently addressed concerns on the X platform regarding Strategy's Bitcoin transactions. Back clarified that Strategy has been consistently acquiring Bitcoin and that a recent wallet switch was merely a transfer to another custodian, not a sale. He emphasized that Strategy's leverage is relatively low, with the company holding $64 billion in Bitcoin against $8 billion in debt, resulting in a leverage ratio of approximately 13%. Furthermore, Back noted that the company's debt is long-term, eliminating the need for immediate repayment.