Adam Back: Strategy has a very low leverage ratio; they simply transferred BTC to another custodian and did not sell it.
TL;DR
Adam Back states that Strategy, a Bitcoin treasury firm, did not sell Bitcoin but transferred it to a new custodian. The company has a low leverage ratio of about 13%, with $64B in Bitcoin holdings and $8B in long-term debt.
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According to Foresight News , Blockstream co-founder Adam Back posted on the X platform that Strategy, a Bitcoin treasury company, has been buying Bitcoin. The previous wallet switch simply transferred Bitcoin to another custodian and did not involve selling it. Strategy's leverage ratio is actually very low. It currently holds $64 billion worth of Bitcoin with liabilities of only $8 billion, resulting in a leverage ratio of approximately 13%. Moreover, its debt is all long-term and does not require repayment in the short term.