Key Takeaways
- Strategy continues to buy Bitcoin, reinforcing its leadership position among BTC holders.
- However, Peter Schiff criticized Michael Saylor’s purchasing activity.
- Furthermore, analysts cut the earnings outlook but raised the target price for MSTR stock.
As one of the most aggressive corporate buyers of Bitcoin deepens its bet, questions around sustainability and timing are intensifying.
While Strategy’s latest billion-dollar buy cements its dominance in the crypto treasury game, voices like Peter Schiff are questioning leveraged optimism.
Add a dimming earnings forecast and a surprising price target hike, and the picture around MSTR grows more complex—bold conviction, but rising risks.
Strategy Keeps on Buying Bitcoin
Strategy has added another 13,390 BTC to its treasury, spending approximately $1.34 billion at an average price of $99,856 per Bitcoin.
As of May 12, 2025, the firm holds a staggering 568,840 BTC, acquired for around $39.41 billion at an average cost of $69,287 per Bitcoin.
The company has reached a 15.5% yield on its BTC holdings year-to-date, further validating its high-conviction bet on Bitcoin as a reserve asset.
Strategy‘s relentless stacking strategy continues to position it as the largest corporate holder of Bitcoin. Following the news, MSTR stock increased by 1.7% to $423.00 per share in New York.
Peter Schiff Criticizes Saylor’s Purchasing Strategy
The acquisitions occurred just a few days after Strategy held its Bitcoin for Corporations event. CEOs of other crypto-focused companies praised the former MicroStrategy and Michael Saylor for their bet on the largest crypto by market capitalization.
However, there’s someone raising concerns over Strategy’s purchasing activity.
Economist and strategist Peter Schiff warned about the risks of buying into strength with borrowed money, especially when the average cost nears the top of the cycle.
“Your next buy will likely push your average cost above $70,000. The next leg down in Bitcoin will likely push the market price below your average cost,” the economist said .
“Not good considering how much you borrowed to buy the Bitcoin. When you sell, small paper losses will become huge real losses.
2025 Outlook Dims Despite Higher Price Target
In the meantime, SimplyWallStreet analysts have lowered expectations for fiscal 2025 earnings, signaling a tougher year ahead.
Revenue projections have been trimmed from $473.7 million to $463.8 million, while anticipated losses have widened significantly, from $0.41 to $16.31 per share.
Interestingly, this comes even as the broader U.S. software sector is expected to post average net income growth of 16% in 2025.
Despite the deteriorating earnings outlook, SimplyWallStreet has raised its consensus price target from $487 to $524, suggesting longer-term confidence remains intact.
