At the BTC Prague conference, Blockstream CEO Adam Back spoke about the premium being paid for MicroStrategy stocks and highlighted its justification based on market conditions.
Premium on MicroStrategy Stocks
Adam Back, who is considered one of the founders of Bitcoin, noted that the premium paid for MicroStrategy (MSTR) shares is not exaggerated. He stated that the company has rapidly doubled the amount of Bitcoin per share, reducing risk for investors.
Investor Attraction Strategy and Market Conditions
Back pointed out that the premiums in stock prices of companies holding Bitcoin treasury are not theoretical but a natural result shaped by market conditions. He emphasized that the increase in the amount of Bitcoin per share is achieved through purchasing Bitcoin using the premium received.
Future of Bitcoin Adoption and Blockstream Initiatives
In conclusion, Back highlighted the potential acceleration of Bitcoin adoption, suggesting that the current cycle could trigger wider acceptance of Bitcoin than in previous periods. He also mentioned Blockstream's initiatives aimed at simplifying the purchasing process for Bitcoin and enhancing self-custody for users.
Adam Back concluded that despite the risks associated with premiums of smaller companies, the right strategies can facilitate Bitcoin accumulation and uphold its value growth.
