MSTR
The plot twist nobody wanted
Strategy has spent years acting like the corporate version of a laser-eyed Bitcoin collector. Buy BTC, issue stock, borrow money, repeat. But Peter Schiff says the script has changed: now the company is reportedly selling Bitcoin to help cover interest, dividends, and debt stuff — which is a very different vibe.
Why the bears are circling
Schiff claims Strategy sold 3,588 Bitcoin over the past two weeks at an average price of $60,196.73, implying a hefty realized loss versus its average cost. If that’s right, it’s less “diamond hands” and more “we need a little liquidity here, please.”
- The company’s supporters see this as disciplined balance-sheet management.
- The critics see a strategy under stress.
- And for MSTR shareholders, the distinction is not exactly academic.
The bigger question
The uncomfortable part isn’t just the sale itself — it’s what it could signal. If Strategy is moving from accumulation to selective liquidation, investors now have to ask whether Bitcoin is still the engine of the story or just the thing keeping the lights on.
Big picture: when a company built its brand on never flinching, even a small pivot can feel like a full-on identity crisis.