Strategy Sells 1,690 BTC as Schiff Questions Bitcoin’s Role as Collateral

Aug 10, 2026

< 1 min read

by Whitney Nyantune

for CoinEdition

Strategy Sells 1,690 BTC as Schiff Questions Bitcoin’s Role as Collateral

AI Overview

Strategy sold 1,690 BTC for about $108.6 million and has sold 6,948 BTC this year while still holding roughly 840,447 BTC. The company used proceeds to repurchase STRC preferred stock, prompting criticism from Peter Schiff that lenders favor dollars over Bitcoin as collateral and raising broader crypto financing and adoption concerns about Strategy's long-term model.

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Strategy is selling Bitcoin for liquidity, raising fresh questions about its long-term model.
Peter Schiff sees the sales as proof that lenders still trust dollars more than Bitcoin.
Despite selling 6,948 BTC this year, Strategy still holds a massive 840,447 BTC stash.

Strategy sold 1,690 Bitcoin for about $108.6 million, drawing renewed criticism from longtime Bitcoin critic Peter Schiff over the company’s decision to sell part of its cryptocurrency holdings.

Schiff argued that the sale suggests lenders still prefer dollars over Bitcoin when securing financing. Strategy used the proceeds to repurchase its STRC preferred stock, adding to a series of Bitcoin sales this year.

It seems @Saylor has given up on the idea of digital credit. $MSTR is consistently selling Bitcoin now to buy dollars, as lenders don't have confidence in Bitcoin as collateral. They prefe…