Adam Back Criticizes Companies for Ignoring Michael Saylor’s Bitcoin Strategy

Prominent British cryptographer and Blockstream CEO Adam Back has expressed surprise at how few companies have followed Michael Saylor’s Bitcoin investment strategy. Posting on X (formerly Twitter), Back remarked, "It's staggering how few existing companies did it so far. He slow-walked them while beating all US stocks, and they still did nothing!"

Saylor, the co-founder of Strategy, has been a vocal advocate for Bitcoin adoption, even organizing an annual conference to promote corporate Bitcoin strategies. Despite his efforts and impressive returns, most major corporations remain hesitant. For instance, Microsoft shareholders have overwhelmingly rejected proposals to add Bitcoin to the company's balance sheet.

Earlier this week, Back suggested that companies like Strategy are accelerating "hyperbitcoinization," a term describing Bitcoin's global dominance. He also predicted that "Bitcoin 7" could soon overshadow the "Magnificent 7" — the group of leading tech stocks.

Meanwhile, Saylor continues to double down. He recently teased another Bitcoin purchase on social media, reinforcing Strategy’s aggressive accumulation. The company's Bitcoin holdings are now nearing 540,000 coins, solidifying its position as the largest publicly traded Bitcoin holder.

Despite Saylor’s proven success and active encouragement, corporate America remains largely on the sidelines. Back’s comments underscore a growing sentiment among Bitcoin advocates that many companies are missing a once-in-a-generation opportunity.