Garlinghouse Slams Saylor's Bitcoin Buying Model as 'Financial Engineering'

Ripple CEO Brad Garlinghouse has criticized Michael Saylor's Bitcoin accumulation model, calling it 'financial engineering.'

The criticism centers on preferred stock financing, with Garlinghouse pointing out that STRC preferred shares are trading at a discount to par.

This distinction is significant because it highlights the debate between leverage-led accumulation and utility-led crypto adoption in the market.

Garlinghouse's comments come at a time when crypto assets are trying to define their direction, with Bitcoin remaining the anchor for broader sentiment.