Peter Schiff Slams Strategy: Saylor’s BTC Purchases Are Harming Common Shareholders
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Peter Schiff Slams Strategy: Saylor’s BTC Purchases Are Harming Common Shareholders
Peter Schiff criticized in a post that Strategy ($MSTR)’s original business model generated positive Bitcoin returns by issuing common stock at a premium and issuing low-coupon preferred stock, whereas Saylor’s current buying behavior has evolved into propping up the Bitcoin price at the expense of common shareholders—forcing them to bear negative Bitcoin returns.
Navigating Web3 tides with focused insightsTechFlow News, June 8: Peter Schiff criticized in a post that MicroStrategy’s ($MSTR) original business model generated positive Bitcoin returns by issuing common stock at a premium and low-coupon preferred stock. However, Saylor’s current Bitcoin-buying activity has evolved into propping up Bitcoin’s price at the expense of common shareholders, forcing them to bear negative Bitcoin returns.
