Half of Crypto Twitter clings to the idea that Bitcoin should never interfere, but Adam Back, which has long been considered Satoshi, has set up a much more practical approach to long-term management of BTC. It does not include the purity of a saying, memes, or ideological.
Back, it’s just mathematics and common sense. If you have a Fiat, spend it first. If not, borrow it. If you need to use BTC, replace the one you used.
You can exchange what you use, or small multiples. If there is a Fiat. For some people, they only have BTC, so that’s a simple choice: borrow or use it.
– Adam Back (@Adam3us) August 4, 2025
This is the real world strategy of the person who helped shape the earliest infrastructure, not only theorize about Bitcoin. The idea is not to rock-away BTC forever or throw it away on the first opportunity. It’s about staying in your position without being indecisive and paralyzing yourself. Buck portrays mechanically, not emotionally.
What does Adam do?
And so, Back’s own BTC holdings – estimated to be over 70,000 coins – have been reconstructed. They were not settled in panic, but rather rerouted accurately. A total of 40,000 BTC reportedly moved through Galaxy Digital, with another 30,000 being exchanged for stocks in Canter-assisted Bitcoin finance vehicles.
Results: Reduced exposure, added cover, but he is still deep in the game.
But all of that — a billion dollar reallocation, a bond with Canter Fitzgerald, and timing — is background noise. The main point is its simple loop. Refill without drama, using only what you have to do. There’s no need to use stacks to praise hoarding or fear.
Once the total is summed and capital is circulated, the BTC remains intact.