Peter Schiff Questions Strategy’s Bitcoin Funding Model
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Strategy sold 32 BTC for roughly $2.5M, disclosed in an 8-K, to support payouts tied to its STRC preferred stock as management pivots from BTC accumulation toward STRC financing and balance-sheet strength. The transaction and a concurrent $1.38B debt buyback drew criticism from Peter Schiff but represent a tiny fraction of Strategy’s ~800,000 BTC holdings, signaling a funding-driven shift in crypto strategy rather than a major sell-off.
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- Strategy sold 32 BTC for $2.5M, a tiny fraction of its ~800K BTC holdings overall.
- Saylor shifts focus to STRC financing and balance-sheet strength over BTC buys.
- Bitcoin weakness and $1.38B debt buyback signal shift from accumulation strategy.
Peter Schiff reignited criticism of Strategy after the company sold 32 Bitcoin to support payouts linked to its STRC preferred stock product. Schiff argued that the transaction could represent the beginning of broader Bitcoin sales if market conditions worsen.
However, many Bitcoin supporters quickly pushed back against that argument. They noted that Strategy still controls nearly 800,000 Bitcoin. Consequently, the latest sale represented only a tiny fraction of the company’s holdings.
Strategy disclosed the sale in a recent 8-K filing. The company sold Bitcoin for nearly $2.5 million. Additionally, the filing stated th…
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