Peter Schiff believes Michael Saylor may sell even more Bitcoin

cryptonews.ruPublished on 2026-08-15Last updated on 2026-08-15

Abstract

Peter Schiff believes that Michael Saylor may need to sell even more Bitcoin. He argues that if Saylor's company, MicroStrategy, aims to return its STRZ preferred shares to a $100 target (currently trading below $95), it will require further sales of Bitcoin and MSTR stock. To support its share buyback program, MicroStrategy recently sold 1,637 BTC for $102 million and 6.59 million MSTR shares for $653.1 million, boosting its dollar reserves to $4.65 billion. Schiff contends that continued selling of these assets to prop up STRZ shares will add downward pressure on Bitcoin's price, causing it to underperform gold. He links Bitcoin's current weakness—trading around $62,000—to gold's recent strength, with prices surpassing $4,300. Schiff predicts further gold appreciation will intensify pressure on Bitcoin. However, he acknowledges that weak U.S. labor market data has fueled expectations of Federal Reserve policy easing, which could provide a positive boost to risk assets, including cryptocurrencies.

Peter Schiff believes Michael Saylor will need to sell more Bitcoin and MicroStrategy shares if the company aims to return its STRC preferred shares to the target price of $100.

Currently, STRC continues to trade below $95, despite MicroStrategy using proceeds from asset sales to repurchase shares.

In early August, MicroStrategy sold 1,637 Bitcoins for $102 million and used the proceeds to repurchase approximately 1.15 million STRC shares. The company also sold 6.59 million MSTR shares for $653.1 million, adding about $650 million to its dollar reserves, bringing the total balance to $4.65 billion.

The latest STRC share repurchase was the third under MicroStrategy's $1 billion share buyback program.

Peter Schiff asserts that further sales of Bitcoin and MSTR to support the preferred shares will exert additional pressure on Bitcoin. And it will lose to gold again.

Moreover, the economist attributes Bitcoin's weakness to the recent rise in gold prices—the price of the yellow metal climbed above $4,300, while Bitcoin fell into the $62,000 range.

Schiff predicts further strengthening of gold, which will put even more pressure on Bitcoin. However, weak U.S. labor market data have strengthened expectations for a softening of Federal Reserve policy, which should provide a positive impulse for risk assets, including cryptocurrencies.

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Related Questions

QWhat action does Peter Schiff believe Michael Saylor and his company MicroStrategy need to take, and why?

APeter Schiff believes Michael Saylor will need to sell more Bitcoin and MSTR shares because MicroStrategy will likely have to sell additional assets to support the share price of its Series A Cumulative Convertible Preferred Stock (STRC) and bring it back to its target of $100.

QWhat actions did MicroStrategy take in early August regarding its Bitcoin and MSTR holdings?

AIn early August, MicroStrategy sold 1,637 Bitcoins for $102 million to buy back about 1.15 million STRC shares. It also sold 6.59 million MSTR shares for $653.1 million, increasing its dollar reserve balance to approximately $4.65 billion.

QAccording to Peter Schiff, what would be the consequence of MicroStrategy selling more Bitcoin and MSTR stock?

APeter Schiff argues that further sales of Bitcoin and MSTR stock to support the STRC share price would put additional downward pressure on Bitcoin's price, causing it to underperform against gold.

QWhat factor does Peter Schiff cite as a reason for Bitcoin's current weakness in the market?

APeter Schiff cites the recent strength and price increase of gold, which has risen above $4,300, as a key reason for Bitcoin's current weakness and its drop into the $62,000 range.

QWhat recent US economic development could provide a positive catalyst for risk assets like cryptocurrencies, according to the article?

AAccording to the article, weak US labor market data has strengthened expectations for the Federal Reserve to ease its monetary policy, which could provide a positive impulse for risk assets, including cryptocurrencies.

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1.9k Total ViewsPublished 2025.05.13Updated 2025.05.13

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