Peter Schiff takes aim at Saylor's strategy as capital raise skips Bitcoin buys
AI Market Summary
Strategy's $544.5M equity raise without immediate Bitcoin purchases, alongside a pivot toward a $3.75B USD reserve to support dividend coverage, signals a more balance-sheet-focused approach than pure BTC accumulation. Peter Schiff's critique highlights a sharp decline in reported BTC Yield, which may pressure sentiment around leveraged treasury-BTC strategies and temper near-term expectations for incremental corporate BTC demand.
Impact level
● Medium
Affected assets
BTC/USDT+0.27%
AI Insight · BTC/USDTAI Insight
● Neutral
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Peter Schiff seized on Strategy's latest move to criticize Michael Saylor's playbook. After the company raised $544.5 million through a stock sale without purchasing any Bitcoin, Schiff pointed to what he said was a sharp drop in its BTC Yield. "That yield stood at 13.3% on May 25. That's a 66% reduction in two months!" he wrote. Rather than adding to its coin holdings, Strategy directed the new funds toward building a $3.75 billion USD reserve aimed at securing dividend coverage.
