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TechFlow News, June 8: Peter Schiff criticized in a post that MicroStrategy’s ($MSTR) original business model generated positive Bitcoin returns by issuing common stock at a premium and low-coupon preferred stock. However, Saylor’s current Bitcoin-buying activity has evolved into propping up Bitcoin’s price at the expense of common shareholders, forcing them to bear negative Bitcoin returns.
Peter Schiff criticized in a post that Strategy ($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.
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