According to Mars Finance, crypto-punk pioneer Adam Back stated that negative views on Strategy and its preferred stock, SRC, are unfounded because Strategy is essentially just selling Bitcoin to pay for its stock, without changing its Bitcoin reserve strategy. In fact, Strategy is "proving that it can pay investors returns through Bitcoin while reducing its debt ratio." Back further pointed out that Strategy is demonstrating a new financial model where Bitcoin may become an alternative to cash for corporate asset management and capital operations. He argued that the FUD sentiment surrounding MSTR and SRC is exaggerated, and Strategy will not "go to zero." Its long-term value lies in its continued holding of Bitcoin and its role in helping the market understand Bitcoin's monetary attributes.
Adam Back: Strategy won't go to zero; shorting STRC is baseless.
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