An economist known once again criticized Michael Saylor’s Strategy Inc. Bitcoin’s acquisition strategy in spite of the decreasing price of the company’s actions.
The main economist Peter Schiff argued that Strategy Inc.’s decision to take a shoppingpress shopping wheel has led to the dilution of shareholders, reducing the premium of the company’s BTC holdings.
BTC Premium in 85%
In a recent one X publicationSchiff gave his opinion on the Bitcoin investment strategy of the company led by Saylor, while the price of the company’s shares and the premium of the value of the net assets (NAV) decreased.
The prominent economist said that Strategy Inc.’s actions have had a lower performance despite taking advantage of Bitcoin’s purchase.
“Today, Saylor boasted from his leverage purchases of Bitcoin that generate a BTC yield of 6.9% so far in 2025. However, the price of $ Mstr shares has dropped 6% in 2025,” Schiff said in a publication.
The economist added that the massive dilution has decreased the value of shareholders, “making the premium to their cryptography holds collapse by 85%.”
Today, @Saylor He boasted his leverage purchases of Bitcoin that generate a BTC yield of 6.9% so far in 2025. However, the price of the shares of $ Mstrer It has dropped 6% in 2025, while the massive dilution has destroyed the value of the shareholders, which makes the premium to its Bitcoin collapse holds in 85%.
– Peter Schiff (@peterschiff) February 24, 2025
A Bitcoin fan commented on the Schiff’s publication by saying that he agrees with the economist about not being sold with Strategy Inc. However, the cryptographic investor played the premium collapse of 85%, saying that the “statement seems off.”
“With 499,096 BTC A ~ $ 97,514 each, that is $ 48.7 billion. Mstr’s shares in, for example, $ 297.50 today with ~ 290 million shares are a market capitalization of $ 86.3 billion, a 77%premium. Even in recent maximums such as 90%, an 85%drop would leave it about 13%, or $ 55 billion, below the current levels. The premium is low, not demolished, “said Bitcoin’s fan.
Skeptic about the debt fed strategy
One of the reasons why Schiff did not buy the acquisition of strategy bitcoin, Inc. is being financed by debt. The economist is in Loggerhead with Saylor’s strategy to finance BTC’s acquisitions through convertible debt.
“It seems that the new convertible notes $ Mstr are not going too well. The shares have dropped 4.5% today, even with Bitcoin 2.5%, ”said Schiff.
Schiff has been very critical of the purchase of Bitcoin driven by debt, emphasizing that too much debt could be dangerous once the BTC price falls.
“When MSTR quotes with a discount to his holdings, the game is over, since selling Mstr shares to buy cryptography will produce a negative performance of Bitcoin,” said the economist.
Previously, Schiff cited that the reimbursement of the company’s debts could cause problems for the strategy, when the BTC price decreases.
BTC acquisition strategy
Strategy Inc. has received strong criticism for its BTC Master Plan. However, the company does not care about its critics and continues to increase its digital currency holdings.
In a statement, Strategy Inc. said that it recently bought 20,356 bitcoins worth around $ 1.99 billion, increasing its BTC holdings to 478,740 coins with a total value of $ 44 billion.
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