The Bitcoin Historian, posting under the X handle @pete_rizzo_, shared a video clip saying that Blockstream CEO Adam Back responded live on Bloomberg to arguments directed at Michael Saylor, Strategy, MSTR and the preferred stock STRC. The post framed Back as a “Cypherpunk legend” and described his remarks as a direct rebuttal to criticism around the company’s Bitcoin-centered strategy.
The X post stated in emphatic terms that “$MSTR and $STRC FUD is baseless.” It also highlighted a key line attributed to Back: “Strategy is not going to zero.” The message was attached to a video segment marked from 00:00 to 2:30 and was posted on June 21, 2026. The visible post data showed 45,000 views and an entry to read 31 replies.
Back’s Bloomberg remarks focused on MSTR, STRC and Strategy
According to the post, Back’s argument centered on the way Strategy is handling Bitcoin in relation to investor payments and its debt profile. The most prominent quoted line was: “They are simply selling Bitcoin to pay dividends.” In the wording used by The Bitcoin Historian, this was presented not as evidence that Strategy is failing, but as part of a broader explanation of how the company is using BTC within its financing structure.
The post also quoted Back as saying: “They are proving they can pay investors with BTC and reduce their debt ratio.” That sentence linked two points together: the ability to pay investors with Bitcoin and the reduction of the debt ratio. No additional balance-sheet figures or financial disclosures were included in the original post, so the claim was presented as Back’s live commentary rather than a new data release.
“Selling Bitcoin to pay dividends” was the central line
The discussion around STRC in the post was tied to the phrase about selling Bitcoin to pay dividends. The Bitcoin Historian’s framing was that the negative narrative around MSTR and STRC is “baseless,” and that the sale of BTC for dividend payments should be read through Back’s argument that Strategy is demonstrating a working mechanism for paying investors with BTC while reducing its debt ratio.
Another quoted line expanded that framing beyond the immediate dividend issue: “They are teaching the market BTC will one day replace cash.” In the post’s presentation, Strategy’s actions were described as part of a market lesson about Bitcoin’s future role as a cash substitute. The original item did not add separate forecasts, outside analysis or further supporting metrics; it relied on the quoted remarks and the Bloomberg clip.
The post’s structure and available data
The original X post moved through three claims. First, it said the negative arguments about MSTR and STRC are baseless. Second, it said Strategy is selling Bitcoin to pay dividends and, through that process, is proving it can pay investors with BTC while reducing its debt ratio. Third, it tied that process to the view that BTC will one day replace cash.
The source item was categorized by Foresight as market analysis and pointed to The Bitcoin Historian’s X status page as the source URL. Apart from the embedded Bloomberg video clip, the quoted statements and the visible X metrics, the item did not provide additional financial numbers, company documents or comments from Strategy. The focus of the news item is therefore Adam Back’s public defense of Strategy and his dismissal of the FUD surrounding MSTR and STRC.