Peter Schiff criticized MicroStrategy in a post on X, arguing that the company’s approach has harmed common shareholders.
According to Odaily, Schiff said MicroStrategy previously generated positive Bitcoin returns by issuing common stock at a premium and issuing low-interest preferred stock. He added that recent Bitcoin accumulation led by Michael Saylor effectively sacrifices the interests of common shareholders to support Bitcoin’s price, leaving those shareholders ultimately facing negative Bitcoin returns.
Peter Schiff Criticizes MicroStrategy’s Bitcoin Strategy in X Post
2026-06-08 13:34:26
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