Schiff Blasts MSTR as Crypto-Treasury Model Unravels

Financial commentator and Euro Pacific Capital Chief Economist Peter Schiff has spoken out against Strategy (MSTR), its founder Michael Saylor, and mainstream financial media following a sharp correction in the company's equity.

Schiff, a well-known Bitcoin skeptic, believes that MSTR's heavily leveraged crypto-treasury model is unraveling. He claims that the financial mechanics supporting MicroStrategy's acquisition of digital assets are currently collapsing, dragging their stock, debt instruments, and the broader cryptocurrency market sharply lower.

'The financial house of cards Saylor built is collapsing,' Schiff stated. 'MSTR's per-share discount to its Bitcoin holdings is soaring, $STRC is tanking, and Bitcoin itself is breaking down, taking the rest of crypto down with it.'

Schiff noted that STRC was trading at 93.5 on June 16, meaning investors who paid $100 are already down 6.5% on an investment Saylor promoted as being safe for retirees.