Economist Peter Schiff has criticized Strategy’s aggressive Bitcoin strategy, calling its high-yield “Stretch” preferred stock a Ponzi scheme. The company holds 843,738 Bitcoin purchased for nearly $63.9 billion, now worth slightly less after recent market dips. Schiff argues the firm depends too heavily on rising Bitcoin prices to support investor payouts. Supporters disagree, pointing out Strategy’s stock has surged about 1,200% since adopting its Bitcoin-focused approach. Investors are now watching whether Bitcoin’s next move strengthens or weakens confidence in the model.
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